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ON Semiconductor buys back $53 million convertible in third quarter
By Ashley Montgomery
Kansas City, Kan., Nov. 2 - ON Semiconductor Corp. said it repurchased $53 million of its 2.625% convertible senior subordinated notes in the third quarter.
The company used excess cash to fund the repurchase, said Keith Jackson, president and chief executive officer in a news release.
ON Semiconductor is a Phoenix-based designer, manufacturer and marketer of power and data management semiconductors and standard semiconductor components.
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