Freescale Buy Finished

AUSTIN, Texas -- Freescale Semiconductor announced today the completion of the merger of the company with an entity controlled by a consortium of private equity funds led by The Blackstone Group and including The Carlyle Group, funds advised by Permira Advisers LLC and Texas Pacific Group.

Freescale stock will cease to trade on the New York Stock Exchange at market close today and will be delisted. Under the terms of the merger agreement entered into on September 15, 2006 and adopted by Freescale’s stockholders at a special meeting on November 13, 2006, Freescale stockholders are entitled to receive $40 in cash for each share of Freescale common stock that they hold.

As soon as practicable, a paying agent appointed by Freescale will mail a letter of transmittal and instructions to all stockholders of record. The letter of transmittal and instructions will contain information on how to surrender Freescale common stock in exchange for the merger consideration, without interest and less any applicable withholding tax. Stockholders of record should be in receipt of the letter of transmittal before surrendering their shares. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash as such conversions will be handled by the bank or broker.

Freescale Semiconductor Inc.