Deals
Fairchild Semi Said Working With Goldman Sachs to Find Buyer
- Company said to be in talks with ON Semiconductor, Infineon
- No certainty of a deal and a transaction isn't imminent
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Fairchild Semiconductor International Inc. hired Goldman Sachs Group Inc. to help it find a buyer and is in discussions with potential suitors including ON Semiconductor Corp. and Infineon Technologies AG, people familiar with the matter said.
No deal is assured and a transaction isn’t imminent, said the people, who asked not to be identified because the discussions are private. Fairchild surged almost 16 percent to $16.35 at the close in New York, giving the company a market capitalization of $1.89 billion.