Freescale Semiconductor (FSL) might be taken over by a group of private equity firms in a deal worth more than $16 billion.
A report published in The New York Times said Texas Pacific Group, Blackstone Group and Permira are among the investors that would lead the buyout. The report also said Carlyle Group and Bain Capital might join the group. The report also said Kohlberg Kravis Roberts and Silver Lake Partners are part of another set of investors trying to acquire Freescale, a former Motorola (MOT) unit. Shares of Freescale jumped 19% to $36.71 in premarket trading Monday. The stock's 52-week high is $33.04.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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