Chipmaker ON Semiconductor to buy Aptina Imaging for $400 million
(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)