Is the ON Semi/Fairchild agreement a done deal?

It was announced in November of last year that ON Semiconductor and Fairchild Semiconductor have entered an agreement for ON Semi to acquire Fairchild for $20.00 per share. There have been some hiccups in this agreement though, as it has been reported that Fairchild’s board of directors received an unsolicited proposal from China Resources Microelectronics just one month later. This proposal was for $21.70 per share, and it seems to have put On Semi and Fairchild’s agreement on hold.

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