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ON Semiconductor to Buy Fairchild Semiconductor for $2.4 Billion

2015-11-18 14:19:47| Semiconductors - Topix.net

ON Semiconductor has agreed to acquire fellow chip company Fairchild Semiconductor for about $2.4 billion in cash, the latest deal in the consolidating semiconductor space. The price tag of $20 a share values Fairchild at a 41% premium to where the stock was trading before news reports last month suggested Fairchild was seeking a buyer.

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