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ON Semi-AMIS merger finalized

Posted: 14 Mar 2008 ?? ?Print Version ?Bookmark and Share

Keywords:merger? majority shares? stock companies?

Stockholders of both ON Semiconductor Corp. and AMIS Holdings Inc. have voted in favor of ON Semi's proposed acquisition of AMIS.. For both companies, in excess of a majority of the shares outstanding were cast in favor of the proposals relating to the merger. Over 90 percent of the shares voted in both companies were voted for the merger.

Under the terms of the merger agreement, holders of AMIS common stock will generally receive 1.15 shares of ON Semi common stock for each share of AMIS common stock they own at the closing of the merger. The transaction is expected to close on March 17, subject to the satisfaction of customary closing conditions.

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