The ticker, FSL, will be turned off here fairly soon, as the merger is complete. Motorola Semiconductor was a great company, a pioneer in the industry. Spun out, taken private, spun out again, it was never the company that Bob Galvin founded. Michel Mayer did a remarkable job destroying this once mighty company. So long.
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Isn't the sp capped by NXPI's sp considering the deal of 6.25 dollars plus .3521 shares of NXPI to FSL holders?
Despite that, the take-out value at the moment is 38.90. I think FSL sp is more dependent on NXPI than on itself...
INTC beat last night, and then there's this: "More than 2,500 July 92.50 NXPI calls were purchased for $1.55 to $1.80 late yesterday. This represents new positions, as open interest in the strike was only 476 contracts before the session began.These long calls lock in the price where the stock can be purchased, gaining with a rally and providing leverage to the underlying shares. But the contracts will quickly lose value if the stock stalls or drops by expiration at the end of tomorrow's session."
Sentiment: Strong Buy
It seems the done deal is now old news even before it's finished.
This was the place that would have speculation until a takeover or merger was complete.
Any thoughts on the merger? How many of the 18,000 FSLers will survive after FSL is no longer?