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Thread: NXP buys Freescale. Yikes

  1. #1
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    NXP buys Freescale. Yikes

    Ran across this mind-boggling report today about two strange bedfellows:

    NXP Semiconductors NV and Freescale Semiconductor Ltd. have agreed to merge in a deal that values Freescale at $11.8 billion and which would create a combined company with a market value of more than $30 billion. NXP said Sunday night that it would pay about $36.14 a share in cash and stock for Freescale, which represents a narrow premium to its closing price Friday of $36.11 a share. The stock had been buoyed recently by reports about a possible sale of the company.

    The deal would give Freescale FSL, +1.51% shareholders about 32% of the merged company. Credit Suisse Group advised NXP on the transaction. Morgan Stanley advised Freescale.

    NXP, which is based in the Netherlands, said the merger provides a “clear path” to $500 million of annual cost synergies, with $200 million in cost savings to be realized in the year following the deal’s completion.
    http://www.marketwatch.com/story/nxp...ist=tcountdown


    Surprising is that NXP bought Freescale!
    So into the soup goes Freescale.
    Last edited by stevech; 03-03-2015 at 04:54 AM.

  2. #2
    This is the third thread about same subject...

    I think what happens to Freescale MCUs is anyone's guess. Freescale already announced they are discontinuing their DSC processors, and pushing Kinetis instead, so maybe that was done in preparation for the deal?

    NXP have mostly Cortex M3, Freescale M4, so it's possible they could blend the two product lines.

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