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NXP Semiconductors closes purchase of Freescale Semiconductor

NXP Semiconductors NV on Dec. 7 completed its acquisition of Freescale Semiconductor Ltd. for a transaction value of $16.60 billion.

The company offered $38.10 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Credit Suisse Securities (USA) LLC was the financial adviser for NXP Semiconductors, and De Brauw Blackstone Westbroek PC, Simpson Thacher & Bartlett LLP and Wakefield Quin Ltd. were the legal advisers.

Morgan Stanley & Co. LLC was the financial adviser for Freescale Semiconductor, while Houthoff Buruma Coöperatief U.A. and Skadden Arps Slate Meagher & Flom LLP were the legal advisers.