Freescale Semiconductor Inc. Proposed Acquisition

October 25 2006

In September 2006, the microchip maker agreed to be bought by a private equity consortium for $17.6 million, or $40 a share. Six purported class action petitions were filed by shareholders regarding the proposed acquisition by Blackstone Group. The cases claim Freescale's board breached fiduciary duty because they failed to take steps to maximize shareholder value. The lawsuits are seeking class certification and were filed in the District Court of Travis County, TX.

Register a Similar Complaint

If you have suffered damages in a similar shareholder case, you may qualify for damages or remedies that may be awarded in a possible class action or lawsuit. Please fill in our form on the right to submit your shareholder complaint to a lawyer for a free evaluation.

Stay Informed

Get the latest on class action lawsuits, settlements & more! Subscribe to our free weekly newsletter.

Get our Newsletter!

Submit a New Complaint

Been wronged by a similar product or service?
Click here to send us your complaint.