On Semi offers stock

September 11, 2003 – On Semiconductor, Phoenix, AZ, plans to raise $190 million by offering 34.8 million shares, according to Dow Jones. The company will also grant an option to its underwriters to purchase up to 5.2 million shares to cover overallotments; at current market rates, this would generate roughly $28 million. On Semi currently has 117 million shares outstanding.


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