Financials
Motorola announced that their semiconductor division would be divested on October 6, 2003 to create Freescale. Freescale completed its IPO on July 16, 2004.
On September 15, 2006, Freescale agreed to a buyout by a consortium led by Blackstone Group and its co-investors, Carlyle Group, TPG Capital, and Permira. The buyout offer was accepted on November 13, 2006 following a vote by company shareholders. The purchase, which closed on December 1, 2006, is reportedly the largest private buyout of a technology company and one of the ten largest buyouts of all time. The buyout resulted in a huge $6.6 billion debt burden and accompanying interest payments from which many believe Freescale will never be able to recover
Freescale filed to go public on February 11, 2011 and completed its IPO on May 26, 2011. Freescale is traded on the New York Stock Exchange under the ticker symbol FSL. Freescale is being investigated for securities fraud in relation to this recent IPO.
For the most recent quarter ending June 30, 2012, Freescale's profits plunged 76% on a year over year basis.
Read more about this topic: Freescale Semiconductor