Fairchild Files Public Offering Registration Statement
Fairchild Semiconductor International Inc. (South Portland, ME) announced that it has filed a shelf registration statement with the Securities and Exchange Commission that would be available for one or more follow-on public offerings of its Class A common stock. Up to a total of 24,150,000 shares may be offered, including 14,175,000 newly issued shares by Fairchild Semiconductor and 9,575,000 outstanding shares by an existing stockholder.
Fairchild would use the net proceeds of the issuance of Fairchild shares in the offering for general corporate purposes, including acquisitions and, depending on market conditions and other factors, purchasing its debt from time to time. If any such purchases of debt are effected at a premium to principal amount, Fairchild would be required to record a charge against earnings in the reporting period in which such purchase occurs.