© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - ON Semiconductor Extends Tender Offer to Acquire Fairchild Semiconductor
Posted 19th February 2016

ON Semiconductor Extends Tender Offer to Acquire Fairchild Semiconductor

ON Semiconductor Corporation announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International Inc. for $20.00 per share in cash (the “Offer”) pending the satisfaction of the conditions to the Offer

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

ON Semiconductor Extends Tender Offer to Acquire Fairchild Semiconductor
Image

ON Semiconductor Corporation announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International Inc. for $20.00 per share in cash (the “Offer”) pending the satisfaction of the conditions to the Offer set forth in the merger agreement entered into on November 18, 2015 between ON Semiconductor and Fairchild.

The Offer will now expire one minute following 11:59 p.m., New York City time, on March 3, 2016, unless further extended as required or permitted by the merger agreement. All other terms and conditions of the Offer remain unchanged. Computershare Trust Company, N.A., the depositary for the Offer, has advised ON Semiconductor that as of the close of business, New York City time on February 18, 2016, approximately 16,998,547 shares of common stock of Fairchild (not including 339,437 shares tendered by notice of guaranteed delivery for which shares have not yet been delivered) have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 15% of the outstanding shares of common stock of Fairchild.

Pending satisfaction of the conditions to the Offer, the merger agreement requires successive 10-business day extensions of the Offer, and ON Semiconductor currently intends to continue making such successive extensions, subject to the other terms and conditions of the merger agreement. This press release is being issued under applicable securities laws in order to notify Fairchild’s stockholders of the extension.

The completion of the Offer remains subject to certain customary terms and conditions set forth in the Offer to Purchase, dated December 4, 2015, as amended (the “Offer to Purchase”), and other related materials by which the Offer is being made.

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
The Impact of Quick Financing on Corporate Social Responsibility Initiatives
Corporate Social Responsibility
25/01/2024The Impact of Quick Financing on Corporate Social Responsibility Initiatives

In today's fast-paced business world, the quest for funding to support various initiatives has become critical for corporations.

Read Full PostRead - Eye Icon
BPO and Technology Acquires top Provider in Marketing Communications
Finance
20/01/2016BPO and Technology Acquires top Provider in Marketing Communications

Headquartered in New York City, Smart Source's acquisition allows these two dynamic companies to combine best practices, services and technologies to offer the most elevated client experience in brand management, marketing and communications to clients nationw

Read Full PostRead - Eye Icon
Hungary and EBRD Acquire Minority Stakes in Erste Bank Hungary Zrt
M&A
20/06/2016Hungary and EBRD Acquire Minority Stakes in Erste Bank Hungary Zrt

Hungary, represented by state-owned entity Corvinus Zrt. in the transaction, and the European Bank for Reconstruction and Development (EBRD) today signed the contractual framework with Erste Group Bank AG (Erste Group) to acquire minority equity stakes of 15 p

Read Full PostRead - Eye Icon
The Benefits of Hiring a Business Incorporation Attorney
News
18/03/2024The Benefits of Hiring a Business Incorporation Attorney

Starting a new business can be an exciting venture, but it also comes with a multitude of legal complexities that can leave even the most ambitious entrepreneurs feeling overwhelmed. That’s where a corporate attorney Denver comes into play. In this artic

Read Full PostRead - Eye Icon
A Highly Acclaimed Medico-Legal Expert
Finance
26/06/2017A Highly Acclaimed Medico-Legal Expert

Professor J Peter A Lodge, winner of the Most Highly Regarded Expert Witnesses 2017 from the UK, is a consultant surgeon based at Leeds Teaching Hospitals NHS Trust, West Yorkshire. He also has a busy, thriving private practice at Spire Leeds Hospital where he

Read Full PostRead - Eye Icon
A Deep-Dive into Mergers & Acquisitions in the Age of Mass Tort
News
07/08/2023A Deep-Dive into Mergers & Acquisitions in the Age of Mass Tort

Mergers and acquisitions are a part of business growth, with the former allowing businesses to join arms to increase their financial muscle power. In contrast, the latter allows businesses to buy out their competition or diversify. While they come with advanta

Read Full PostRead - Eye Icon
Spotlight on Mike Lord, CEO of Stiltz Home Lifts
News
21/01/2021Spotlight on Mike Lord, CEO of Stiltz Home Lifts

ood leadership has become an utterly crucial variable in business success over the last year. The COVID-19 pandemic has proven to be a baptism of fire for young businesses and challenged established companies to be adaptive and agile in a time defined by uncer

Read Full PostRead - Eye Icon
How to Overcome Major AWS DevOps Adoption Challenges
Innovation
21/11/2023How to Overcome Major AWS DevOps Adoption Challenges

Companies continue implementing DevOps practices and tools to streamline software development. According to the DevOps Pulse 2023 report from Logz.io, 45% of companies state they have implemented DevOps, which is a 7% increase compared to 2022. AWS DevOps tool

Read Full PostRead - Eye Icon
New product Increases Engagement In Games
Finance
06/08/2015New product Increases Engagement In Games

Mobile Engagement Company First to Unite the Power of Predictive Analytics and Mobile Messaging to Target Key Player Groups, Generating Impressive Results Including 11% Decrease in Churn, 18% Increase in Number of Sessions and 50% Increase in Revenue.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow