ON Semiconductor Corp. (Phoenix, AZ) announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC) relating to the offer, from time to time, of up to 46 million shares of common stock by the company, and up to 17.25 million shares of common stock by TPG Advisors II Inc., a selling stockholder.
Unless otherwise described in connection with a particular offering, proceeds from the sale of the shares by the company will be used for general corporate purposes, which may include the repayment of indebtedness. The company will not receive any of the proceeds from the sale of shares by the selling stockholder.
