Friday, September 15, 2006

Freescale Semi flipped - Motorola lookin a little daft!

According to Bloomberg:

"Freescale Semiconductor Inc., the computer-chip maker spun off by Motorola Inc., agreed to be bought by a consortium led by Blackstone Group LP for $17.6 billion.

Shareholders will be offered $40 a share in cash..."

Oops, I guess Motorola flogged out a little too soon - there's nothing worse than a quickie flipper, eh?

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