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Expects to close merger transaction, divestment of its RF Power business on Dec. 7, 2015.
November 30, 2015
By: DAVID SAVASTANO
NXP Semiconductors N.V. announced it has received final regulatory approval from the Ministry of Commerce of China to complete its merger with Freescale Semiconductor, Ltd. The company has now received all necessary regulatory approvals for the merger with Freescale, and the sale of its RF Power business to Jianguang Asset Management Co. Ltd. for which divestment is a condition for the Freescale merger. The company expects to close the merger transaction and the divestment of its RF Power business on Dec. 7, 2015.
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