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Debt Financing / Related, Other Pre-Announcement

Onsemi To Acquire GT Advanced Technologies

Published: 08/25/2021 20:20 GMT
(GTAT) - Onsemi to Acquire Gt Advanced Technologies.
Onsemi - Will Acquire Gtat for $415 Million in Cash.
Onsemi - Intends to Fund Transaction Through Cash on Hand and Available Capacity Under Its Existing Revolving Credit Facility.
Onsemi - Expects Transaction to Be Marginally Dilutive to Its Non-GAAP Earnings per Share in Immediate Term & to Be Accretive Within 1 Year After Close.