30 Dec '15, 6am

Fairchild Gets New Takeover Offer in Escalated Bidding War | EE Times

TAIPEI — Fairchild Semiconductor International Inc. has received a revised takeover offer from a group representing China Resources Microelectronics (CR Micro), according to press reports . The Party G Group, on behalf of CR Micro, has made a bid including new terms on termination fees in the event that the deal fails to win regulatory approval, according to Reuters . Fairchild said in a statement that it has acknowledged receipt of a revised, unsolicited proposal to acquire all of the outstanding shares of common stock of Fairchild for $21.70 per share in cash. While the company said its board of directors will carefully review and consider the new proposal, Fairchild said it remains subject to the agreement with ON Semi and Fairchild’s board of directors continues to support the agreement with ON. The latest offer marks an escalation in a bidding war between ON Semicondu...

Full article: http://www.eetimes.com/document.asp?doc_id=1328567

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Intel Seals $16.7 Billion Altera Deal | EE Times

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Apple gets sued for rolling out iOS 9

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