Deals
NXP Semiconductors to Acquire Freescale for $11.8 Billion
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Dutch chipmaker NXP Semiconductors NV agreed to buy smaller U.S. rival Freescale Semiconductor Ltd. for about $11.8 billion in cash and stock to expand its market share in chips for cars and reduce costs.
Freescale shareholders will get $6.25 in cash and 0.3521 of an NXP share for each Freescale common share, the companies said Sunday. The deal values Freescale at $36.14 a share, almost matching the stock’s closing price Feb. 27 of $36.11. Including Austin, Texas-based Freescale’s debt, the purchase price is about $16.7 billion.