Friday, October 10, 2008

Catalyst Semiconductor Acquisition Completes

Santa Clara-based Catalyst Semiconductor is now officially a part of ON Semiconductor, after the acquisition of Catalyst by ON Semiconductor completed today. ON Semiconductor said Catalyst stockholders received 0.706 shares of its common stock for each share of common stock they owned. The deal was originally announced in July. Both firms develop a wide range of semiconductors for the electronics market. ON Semiconductor is based in Phoenix, Arizona.