Tech Company M&A Transactions
Freescale Semiconductor Acquisition
On 9/26/2005, Freescale Semiconductor was bought by Integrated Device Technology. Deal value was $35 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/26/2005
Transaction Type
M&A
Amount
$35,000,000
M&A Terms
IDT" (Integrated Device Technology, NASDAQ: IDTI), a leading communications IC company, today announced it has exercised an option to purchase the Freescale Semiconductor (NYSE: FSL, FSL.B) timing solutions business for $35 million. This transaction was initiated by Integrated Circuit Systems, Inc. (ICS) prior to the close of its merger with IDT, and follows a 10-year cross-licensing agreement between ICS and Freescale, also conducted before the close of its merger with IDT.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
6501 William Cannon Drive West
Austin, TX 78735
USA
Austin, TX 78735
USA
Phone
Website
Email Address
Not Recorded
Overview
Freescale Semiconductor, Inc. designs and manufactures embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets in more than 30 countries.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Gregg Lowe
Chief Financial Officer
Daniel Durn
VP - General Counsel
Robert Conrad
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