Benzinga's M&A Chatter for Tuesday December 8, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 8, 2015: Fairchild Semi Reports Receipt of Unsolicited Bid at $21.70/Share in Cash The Offer:
Fairchild Semiconductor International, Inc. FCS announced Tuesday, receipt of an unsolicited proposal to acquire all of the outstanding shares of common stock of Fairchild for $21.70 per share in cash. Fairchild had previously announced on November 18, 2015, an agreement, under which a wholly owned subsidiary of ON Semiconductor Corporation ON, agreed to acquire all of the outstanding shares of Fairchild common stock for $20.00 per share in cash. China Resources Group is said to be the bidder, according to Bloomberg. Fairchild Semiconductor rose 5.71% Tuesday, closing at $20.65. Canadian Pacific Submits Revised Offer for Norfolk Southern of $32.86/Share in Cash, 0.451 Shares of Stock in New Company The Offer:
Canadian Pacific CP announced Tuesday, a revised offer for Norfolk Southern Corp. NS, consisting of $32.86 per share in cash and 0.451 shares of stock in a new company which will own NSC and Canadian Pacific. The total value of the stock and cash consideration to NSC shareholders is estimated to be $125 to $140 per share at the closing of the transaction in May 2016. Norfolk Southern acknowledged receipt of the proposal, say it was less than the prior proposal, which was rejected. Norfolk Southern again cited regulatory risks as part of the reason for the rejection. Pershing Square's Bill Ackman, said it was likely that federal regulators would approve a merger of the companies. Norfolk Southern fell 5.68% Tuesday, closing at $86.32. Univest to Acquire Fox Chase Bancorp for $21.00/Share in Cash The Deal:
Univest Corporation of Pennsylvania UVSP and Fox Chase Bancorp, Inc. FXCB announced Tuesday, an agreement under which Fox Chase will be merged with and into Univest in a cash and stock transaction with an aggregate value of $244.3 million. Fox Chase shareholders may receive either $21.00 in cash, or a fixed exchange ratio of 0.9731 shares of Univest, or a combination of the two. The deal is expected to close in Q3 of 2016. Fox Chase closed at $29.50 Tuesday, down 1.76%.