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Electronics Production | October 04, 2006

Freescale weighed buying Philips Semi

According to Market Watch Freescale had considered the possibility of acquiring Philips Semiconductors now called NXP, before ultimately agreeing to sell itself to a private equity consortium for $17.6 billion last month.

Freescale said it started exploring the merits of acquiring Philips Semi earlier this year. At the same time, Freescale also said it had preliminary merger discussions with a "third party." Those talks ended in late July.
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