ON Semiconductor Corp.

NASDAQ:ON   3:59:58 PM EDT
48.93
-0.47 (-0.95%)
Debt Financing / Related, Other Pre-Announcement

Onsemi To Acquire GT Advanced Technologies

Published: 08/25/2021 20:20 GMT
ON Semiconductor Corp. (ON) - 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.