Chinese consortium challenging ON Semiconductor with Fairchild Semiconductor bid

After it was initially reported that ON Semiconductor would acquire Fairchild Semiconductor International Inc. for $20 per share in an all cash transaction valued at approximately $2.4 billion, the latest news is that a Chinese consortium has submitted an acquisition proposal for $21.70 per share, for a total value of $2.46 billion. 

from Factory Automation http://www.vision-systems.com/articles/2015/12/chinese-consortium-challenging-on-semiconductor-with-fairchild-semiconductor-bid.html

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