Catalyst Semiconductor shareholders to decide merger with ON Semiconductor on Oct. 9

By Lisa Kerner

Charlotte, N.C., Sept. 8 - Catalyst Semiconductor, Inc. asked its stockholders to vote to approve the company's merger with ON Semiconductor Corp. at a special meeting on Oct. 9 at 1 p.m. ET.

Record date for the meeting is Sept. 5, according to a form 424B3 filed with the Securities and Exchange Commission.

In July it was announced that ON Semiconductor would acquire Catalyst in an all-stock transaction valued at approximately $115 million.

Under the companies' definitive merger agreement, Catalyst shareholders will receive 0.706 shares of ON Semiconductor common stock, valued at about $6.24, per share of Catalyst common stock, the SEC filing said.

Each company's board of directors has approved the transaction, which is expected to close in the fourth quarter of 2008, it was previously reported.

ON Semiconductor is a Phoenix-based designer, manufacturer and marketer of power and data management semiconductors and standard semiconductor components.

Based in Santa Clara, Calif., Catalyst Semiconductor designs and markets reprogrammable non-volatile memory products and analog/mixed-signal semiconductor products.

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