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Fairchild's Board Backs Bid From Chinese Firms

2016-01-08 18:41:08| Semiconductors - Topix.net

Fairchild Semiconductor International Inc. said Tuesday its board of directors has determined that a revised unsolicited acquisition bid from China Resources Microelectronics Ltd. and Hua Capital Management Co. Ltd. is superior to the buyout offer it previously accepted from ON Semiconductor Corp. Fairchild said it remains subject to the merger agreement with ON Semi.

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