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ON Semiconductor and AMIS Holdings stockholders agree on merger

13 March 2008 | By Síle Mc Mahon | News > Fab Management

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AMISStockholders of both ON Semiconductor and AMIS Holdings have voted on the proposed acquisition of the latter by ON Semiconductor. With more than 90% of the votes leaning in favour of the stock-for-stock merger, the companies expect the matter to be closed by March 17th subject to satisfaction of customary closing conditions. 

The terms of the agreement will mean that holders of AMIS common stock will each receive 1.15 shares of ON Semiconductor common stock in return for each of their AMIS shares.

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