Citi Upgrades ON Semiconductor (ON) to Buy
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ON Semiconductor (ON) to Acquire Fairchild Semiconductor (FCS) in ~$2.4B Deal
November 18, 2015 6:04 AM ESTON Semiconductor (NASDAQ: ON) and Fairchild Semiconductor International Inc. (Nasdaq: FCS) (Fairchild) 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
The combination of ON Semiconductor and Fairchild creates a power semiconductor leader with strong capabilities in a rapidly... More
