Catalyst Semiconductor shareholders OK acquisition by ON Semiconductor

By Susanna Moon

Chicago, Oct. 9 - Catalyst Semiconductor, Inc. said its stockholders voted for the company's merger with ON Semiconductor Corp. at a special meeting on Thursday.

As previously noted, investors will receive 0.706 ON Semiconductor shares for each Catalyst share.

The deal is expected to close Friday.

In July it was announced that ON Semiconductor would acquire Catalyst in an all-stock deal for $115 million.

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 designs and markets reprogrammable non-volatile memory products and analog/mixed-signal semiconductor products.

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