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UPDATE: ON Semiconductor to Acquire Fairchild Semiconductor for $20.00/Share; $2.4B in Cash

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ON Semiconductor Corporation (Nasdaq: ON)
and Fairchild Semiconductor International Inc.
(Nasdaq: FCS)
today announced that they have entered into a definitive
agreement for ON Semiconductor to acquire Fairchild for $20.00 per share
in an all cash transaction valued at approximately $2.4 billion. The
acquisition creates a leader in the power semiconductor market with
combined revenue of approximately $5 billion, diversified across
multiple markets with a strategic focus on automotive, industrial and
smartphone end markets.1

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20151118005586/en/

"The combination of ON Semiconductor and Fairchild creates a power
semiconductor leader with strong capabilities in a rapidly consolidating
semiconductor industry. Our

See full press release

 

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Posted-In: M&A News Press Releases

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