ON Semiconductor to Acquire SANYO Semiconductor from SANYO Electric in Strategic Transaction

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Release Date: 2010-07-16T07:00:00Z
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ENPNewswire-16 July 2010-ON Semiconductor to Acquire SANYO Semiconductor from SANYO Electric in Strategic Transaction(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 15072010 - PHOENIX, Ariz. - ON Semiconductor Corporation (Nasdaq: ONNN) and SANYO Electric Co., Ltd. (TSE: 6764), today announced the signing of a definitive purchase agreement providing for the acquisition of SANYO Semiconductor Co., Ltd., a subsidiary of SANYO Electric and other assets related to SANYO Electric's semiconductor business, by ON Semiconductor in a cash and stock transaction with a purchase price of approximately $366 million (JPY33.0 billion), subject to adjustment pursuant to the terms of the transaction.

ON Semiconductor to Acquire SANYO Semiconductor from SANYO Electric in Strategic Transaction

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