Why Freescale Semiconductor (FSL) Is Up Today

NEW YORK (TheStreet) -- Freescale Semiconductor  (FSL) was rising 3.45% to $18.91 on Wednesday after the company announced it had increased a public offering of common shares to 35 million from 30 million and priced it at $18.50 a share.

The offering is expected to close on Feb. 18. Goldman, Citigroup, Credit Suisse, Deutsche Bank, Barclays, JPMorgan and Morgan Stanley acted as joint book running managers for the offering.

Must Read: Freescale Announces Upsizing And Pricing Of Public Offering Of Common Shares

FSL Chart

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