Shares of ON Semiconductor Corp (NASDAQ:ON) ended Friday session in red amid volatile trading. The shares closed down -0.48 points or -4.47% at $10.26 with 415.55 million shares getting traded. Post opening the session at $10.68 the shares hit an intraday low of $10.26 and an intraday high of $10.70 and the price vacillated in this range throughout the day. The company has a market cap of $4.07 billion and the numbers of outstanding shares have been calculated to be 415.55 million shares.
ON Semiconductor Corp (ON) on September 2, 2016 announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International Inc. (Nasdaq: FCS) (“Fairchild”) for $20.00 per share in cash (the “Offer”) pending the satisfaction of the conditions to the Offer set forth in the merger agreement entered into on November 18, 2015, between ON Semiconductor and Fairchild. The Offer will now expire one minute following 11:59 p.m., New York City time, on September 16, 2016, unless further extended as required or permitted by the merger agreement. All other terms and conditions of the Offer remain unchanged. Computershare Trust Company, N.A., the depositary for the Offer, has advised ON Semiconductor that as of the close of business, New York City time on September 1, 2016, approximately 84,947,259 shares of common stock of Fairchild (not including 8,262,772 shares tendered by notice of guaranteed delivery for which shares have not yet been delivered) have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 74.0% of the outstanding shares of common stock of Fairchild.
Shares of BlackBerry Ltd (NASDAQ:BBRY) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -0.79% at $7.57 with 523.49 million shares getting traded. Post opening the session at $7.59 the shares hit an intraday low of $7.44 and an intraday high of $7.64 and the price vacillated in this range throughout the day. The company has a market cap of $3.94 billion and the numbers of outstanding shares have been calculated to be 526.49 million shares.
BlackBerry Ltd (BBRY) on Sep 2, 2016 announced at the IFA Berlin conference that its SecuTABLET is being used by government agencies in Germany to ensure its staff can work on the go without falling victim to espionage.
BlackBerry’s highly secure tablet, integrated with government-grade MAM technology, is based on the latest version of the Samsung Galaxy Tab S2, and was approved by the German Federal Office for Information Security (BSI) at the “classified – for official use only” (VS-NfD) security level. The SecuTABLET is the latest BlackBerry cross-platform solution that fulfills the strict security guidelines set by German government agencies. SecuSUITE for BlackBerry 10 had also received approval and has long been used by the German government to secure its mobile voice and data communications.
The SecuTABLET uses the Secusmart Security card responsible for securely encrypting the transfer of mobile data as well as encrypting all the information stored on the device. Also integrated into the tablet is software that provides Certificate Management for managing all keys and certifications stored in the Secusmart Security Card and VPN for cryptographically secured data communication. Secusmart’s leading secure voice technology will be added later this year. In conjunction with Samsung’s Knox security platform and BlackBerry’s MAM platform, the SecuTABLET enables users to access both business apps for working securely on the go and personal apps, all the while meeting the strict security requirements of German government agencies.