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Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 18 January 2007
System General acquisition proceeds to
plan
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As of 11th January 2007 at least 53% of System General shares have been tendered in response to Fairchild's tender offer announced on 2nd January 2007.
As of 11th January 2007 at least 53% of System General shares have been tendered in response to Fairchild's tender offer announced on 2nd January 2007, effectively ensuring the company will acquire the Taipei-based analogue semiconductor company As the minimum acceptance level for the tender was 50.1% of outstanding shares, Fairchild now expects to end its tender offer on 31st January 2007 in Taipei, purchase the majority of System General's shares in early February, and assume legal control of System General in mid-March