ON Semiconductor Extends Tender Offer For Fairchild - Quick Facts

(RTTNews) - ON Semiconductor Corp. (ON) announced it has extended tender offer to purchase common stock of Fairchild Semiconductor (FCS) pending the satisfaction of the conditions to the Offer. The Offer will now expire on September 16, 2016. The companies continue to work expeditiously to obtain the remaining required regulatory approval in China and expect to close the acquisition around mid-September.

As of the close of business, on September 1, approximately 84,947,259 shares of common stock of Fairchild have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 74.0% of the outstanding shares of common stock of Fairchild.