WeissLaw LLP: The Freescale Semiconductor, Ltd. Acquisition by NXP Semiconductors N.V. Is The Subject Of A Legal Investigation

NEW YORK, March 13, 2015 /PRNewswire/ -- The fairness of the proposed acquisition of Freescale Semiconductor, Ltd. ("FSL" or the "Company") by NXP Semiconductors N.V. ("NXP") is being investigated by WeissLaw LLP, a national class action, shareholder rights law firm, for possible breaches of fiduciary duty and other violations of law by the Board of Directors of FSL for agreeing to sell the Company to NXP.  On March 1, 2015, the Company announced a definitive agreement for its sales to NXP in a transaction valued at approximately $11.8 billion.  Under the terms of the agreement, FSL shareholders will receive $6.25 in cash and 0.3521 of an NXP share for each FSL share owned.  This represents a nominal premium of $36.14 per share, based the Company's February 27, 2015 closing price of $36.11. 

WeissLaw is investigating whether FSL's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the offer price represents a premium of less than 0.1% based on the Company's February 27, 2015 closing price. In addition, at least one analyst set a price target of $52 per share, or approximately $16 above the offer price.  Upon completion of the transaction, FSL shareholders will own a mere 32% of the combined company.   

Given these facts, WeissLaw is investigating the Board's decision to sell FSL and whether FSL shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects.  If you own FSL shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected]. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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