Citi Upgrades ON Semiconductor (ON) to Buy
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ON Semiconductor to Acquire Fairchild Semiconductor for $2.4 Billion in Cash
November 18, 2015 6:00 AM ESTAcquisition to create a global leader in the power semiconductor market
Key Transaction Highlights:
Creates a leader in the power semiconductor market with a broad and deep product portfolio Highly complementary product lines offering the full spectrum of high, medium and low voltage products Strengthens presence in key strategic areas industrial, automotive and smartphone end markets Immediately accretive to non-GAAP earnings per share and free cash flow Expect significant accretion to non-GAAP EPS within a few quarters post... More