It looks like Fairchild is back at ON Semi. ON offered $20 per share in cash last year. China Resources Holding offered $21.70 ($2.46B USD). Here is the most interesting quote:
“China’s engaged in a buying spree of international semiconductor firms,” said Michael R. Wessel, a member of the United States-China Economic and Security Review Commission, a group created by Congress to monitor bilateral relations. “What they can’t develop on their own, they intend to buy, if they can, or steal, if they must.”
http://www.nytimes.com/2016/02/18/b...onductor-bid-rejected.html?smid=li-share&_r=0
HONG KONG — As Chinese companies try to snap up American tech businesses, they are setting off ripples of unease in the Obama administration and in Congress, inciting a backlash that has stopped the latest acquisition attempt.
One of the companies that first brought silicon to Silicon Valley — Fairchild Semiconductor International — said it would remain in American hands after rejecting a takeover offer worth about $2.5 billion led by Chinese state-backed buyers. Instead, Fairchild embraced a smaller bid from an American rival on Tuesday, citing concerns that federal regulators might reject the Chinese deal....
“China’s engaged in a buying spree of international semiconductor firms,” said Michael R. Wessel, a member of the United States-China Economic and Security Review Commission, a group created by Congress to monitor bilateral relations. “What they can’t develop on their own, they intend to buy, if they can, or steal, if they must.”
http://www.nytimes.com/2016/02/18/b...onductor-bid-rejected.html?smid=li-share&_r=0
HONG KONG — As Chinese companies try to snap up American tech businesses, they are setting off ripples of unease in the Obama administration and in Congress, inciting a backlash that has stopped the latest acquisition attempt.
One of the companies that first brought silicon to Silicon Valley — Fairchild Semiconductor International — said it would remain in American hands after rejecting a takeover offer worth about $2.5 billion led by Chinese state-backed buyers. Instead, Fairchild embraced a smaller bid from an American rival on Tuesday, citing concerns that federal regulators might reject the Chinese deal....
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