onsemi to Acquire Ferric for Up to $775 Million
onsemi said it agreed to acquire Ferric for $600 million in cash plus up to $175 million in contingent consideration tied to revenue milestones.
WASHINGTON (dpa-AFX) - onsemi (ON) on Monday said it agreed to acquire Ferric Inc., an innovator in integrated voltage regulator technology, for $600 million in cash, plus up to $175 million in contingent consideration tied to revenue milestones.The acquisition is expected to strengthen onsemi's po…