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FBR deems new Chinese offer for Fairchild much-improved, thinks ON could counter

2015-12-31 09:56:51| Semiconductors - Topix.net

The revised $21.70/share bid for Fairchild Semi from a Chinese group includes an offer to pay the $70M termination fee Fairchild owes ON Semi if it abandons its $20/share deal to be acquired by ON. The Chinese group is also willing to give Fairchild a $108M reverse termination fee if U.S. regulators block the deal, and $215M under the same terms as the ON termination agreement.

Tags: on offer counter chinese

Category:Electronics and Electrical

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