Monday, November 8, 2004

Freescale's Spin Off Date Set for Dec 2

Motorola plans to distribute its equity interest in Freescale Semiconductor to shareholders on 02-December-2004. Motorola expects to distribute to its shareholders approximately .11 of a share of Freescale Semiconductor Class B common stock for each outstanding share of Motorola common stock they own on the record date of November 26, 2004. The actual distribution ratio will be set on the record date.

With the separation, Motorola has created two distinct companies with clearly defined business strategies and investment characteristics. Freescale Semiconductor is an independent global leader in semiconductors and Motorola remains a global leader in wireless, broadband and automotive communications technologies," said Ed Zander, chairman and CEO of Motorola. http://www.motorola.com


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