ON Semiconductor to Acquire Fairchild Semiconductor for $2.4 Billion in Cash

ON Semiconductor and Fairchild Semiconductor 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.
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