Chipmaker ON Semiconductor to buy Aptina Imaging for $400 million

Mon Jun 9, 2014 5:35pm EDT

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(Reuters) - ON Semiconductor Corp (ONNN.O), a maker of power-management chips, said it would buy Aptina Imaging for about $400 million in cash to accelerate its growth in the automotive and industrial markets.

Shares of ON Semiconductor rose a little over 2 percent to $9.18 in extended trading on Monday.

ON Semiconductor said it expects the deal to immediately add to earnings.

(Reporting By Sampad Patnaik in Bangalore; Editing by Savio D'Souza)

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