Mergers and Acquistions News
Categories: Semi-Conductors
October 10th 2008, 15:45PM
Stockholders have voted in favour of a merger between Catalyst Semiconductor and ON Semiconductor Corps.
Approval was given to the acquisition of Catalyst Semiconductor in an agreement that will give the company's shareholders 0.706 shares of ON Semiconductor common stock for each share of catalyst common stock that they own.
The transaction is expected to close today (Friday October 10th).
Catalyst Semiconductor is headquartered in Santa Clara, California. It deals in the design and marketing of mixed-signal, analogue and non-volatile memory products.
ON Semiconductor supplies energy efficient silicone solutions to sectors such as mobile phones, computer, automotive, communication, medical and industrial industries.
ON Semiconductor has also completed a takeover of AMI Holdings Inc, the parent company of AMI Semiconductor.
All of AMIS' online products and services are still available at onsemi.com and amis.com, although the transfer of content from the latter to the former is still in progress.
Customers having trouble finding the information they seek are advised to speak to their local salesperson.
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