$16B for FSL?

Freescale Semiconductor confirmed Monday it is in discussions that could lead to a record $16-billion leveraged buyout, sending shares surging $5.93, or up more than 19 percent, to $36.68 in midday trading Monday.

Two sets of bidders are vying for ownership of the Austin, Texas-based chip maker in what would mark the largest high-tech leveraged buyout ever and one of the largest buyouts ever.

RED HERRING | Firms Bid $16B for Freescale

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