Fairchild Semiconductor expects to launch a tender offer to acquire 100% of the outstanding shares of Taipei-based System General through a wholly owned Fairchild subsidiary.
Fairchild Semiconductor expects to launch a tender offer to acquire 100% of the outstanding shares of Taipei-based System General through a wholly owned Fairchild subsidiary. In the proposed transaction, approximately 250 System General employees will join Fairchild, including the current management team. System General will continue normal operations under its name after the closing of the tender offer and prior to the share swap, and will operate as an independent business within Fairchild during that time.
After the completion of the transaction, System General will be a wholly owned Fairchild subsidiary, and Fairchild and System General’s management will work together to combine the power conversion businesses of each company and form a single business unit targeting worldwide ac-dc offline power conversion applications.
