FREESCALE SEMICONDUCTOR, LTD. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Freescale Semiconductors, Ltd. (FSL) Over the Proposed Sale of the Company to NXP Semiconductors NV (NXPI)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Freescale Semiconductor, Ltd. (“Freescale” or the “Company”) (NYSE: FSL) for potential breaches of fiduciary duties in connection with the sale of the Company to NXP Semiconductors NV (“NXP”) (NASDAQ: NXPI) for approximately $16.7 billion in a cash and stock transaction. The Company’s stockholders will receive $6.25 in cash and 0.3521 of an NXP share for each share of Freescale common stock they own.
The investigation focuses on whether Freescale’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Freescale’s shareholders.
If you own common stock in Freescale and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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