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Shares of ON Semiconductor Corp (NASDAQ: ON) were trading higher by nearly 2 percent at $8.42 early Thursday afternoon after the company extended its tender offer to acquire all the outstanding shares of Fairchild Semiconductor Intl Inc (NASDAQ: FCS) for $20 per share.
ON Semiconductor extended its tender offer until February 4, 2016 at midnight. All other terms and conditions remain unchanged.
ON Semiconductor also noted that as of January 20, 2016, approximately 7.968 million shares of common stock of Fairchild have been validly tendered and not properly withdrawn, representing approximately 7 percent of the outstanding shares of Fairchild.
Shares of Fairchild were trading higher by 1.16 percent at $20.44 early Thursday afternoon.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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