ON Semiconductor buys back $53 million convertible in third quarter

By Ashley Montgomery

Kansas City, Kan., Nov. 2 - ON Semiconductor Corp. said it repurchased $53 million of its 2.625% convertible senior subordinated notes in the third quarter.

The company used excess cash to fund the repurchase, said Keith Jackson, president and chief executive officer in a news release.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.