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Fairchild Semi to consider rival bid

2016-01-05 14:37:34| Semiconductors - Topix.net

Fairchild entered the agreement with ON Semi in November, at which time ON Semi was offering to buy Fairchild for $20 a share. "Fairchild remains subject to the agreement and plan of merger with ON Semiconductor, and Fairchild's board of directors has not changed its recommendation in support of that agreement, nor is the board of directors making any recommendation with respect to the revised proposal," the company said in a statement.

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