Freescale Up 20.5% Today Due To Possible
Takeover
09/11/2005
Shares of chipmaker Freescale Semiconductor
Inc. (ticker FSL) rose 20.5% today after it was announced
that private equity groups were close to purchasing the chipmaker.
Representatives from the company said that Freescale is "in
discussions with parties relating to a possible business transaction,"
adding that there are "no assurances" that the deal
would be consumated.
Freescale, the third largest chipmaker in
the United States, was added to our Primary
Stock Portfolio eighteen months ago and has seen its stock
price rise 111.7% in that time.
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