News Article
Freescale Semiconductor stockholders approve proposed merger
Stockholders of Freescale Semiconductor, Inc. have approved the previously announced acquisition of Freescale by a consortium of private equity firms led by The Blackstone Group and including The Carlyle Group, Permira Funds and Texas Pacific Group.
Approximately 99% of stockholders present and voting adopted the merger agreement under the terms of which Freescale stockholders will be entitled to receive $40 per share at the time of closing. The number of shares voting to adopt the merger agreement represents approximately 73% of the total number of shares outstanding and entitled to vote. Stockholder approval of the merger satisfies a condition to the closing of the transaction. The company currently expects the transaction to be completed subject to customary closing conditions during the Fourth Quarter.
