ON Semiconductor Corp
Change company Symbol lookup
Select an option...
ON ON Semiconductor Corp
KHC Kraft Heinz Co
SUMO Sumo Logic Inc
TPGY+ TPG Pace Beneficial Finance Corp. *W EXP 10/09/2027
CSTA^ Constellation Acquisition Corp I
HFBL Home Federal Bancorp Inc of Louisiana
FSEA First Seacoast Bancorp
GRN iPath? Series B Carbon ETN
HYPMY Hypera SA
WILC G Willi-Food International Ltd
Go

Information Technology : Semiconductors & Semiconductor Equipment | Mid Cap Blend
Company profile

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Analog Solutions Group designs and develops analog, mixed-signal and logic application specific integrated circuits (ASICs) and application specific standard products (ASSPs), and power solutions. The Image Sensor Group designs and develops complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) image sensors, as well as proximity sensors, image signal processors, and actuator drivers for autofocus and image stabilization for various end users in the automotive, industrial, consumer, wireless, medical, and aerospace/defense markets.

Closing Price
$37.78
Day's Change
0.01 (0.03%)
Bid
--
Ask
--
B/A Size
--
Day's High
38.28
Day's Low
37.50
Volume
(Below Average)
Volume:
4,232,072

10-day average volume:
4,984,001
4,232,072

AMC to ask shareholders for right to issue 25 million more shares

5:45 pm ET June 3, 2021 (MarketWatch)
Print

AMC Entertainment Holdings Inc. (AMC) revealed Thursday afternoon that it will ask shareholders for the authority to issue up to 25 million shares, after selling stock into a dramatic upswell of its share price in recent days. "To successfully navigate the road ahead, we seek to assemble all of the financial tools that might help us," AMC Chief Executive Adam Aron said in a statement. "An important tool for any company is having shares available to issue if, and only if, the right value creation opportunity arises." AMC previously planned to ask shareholders for approval to issue up to 500 million fresh shares, roughly as many as are currently in circulation, but canceled those plans after an uproar from investors (http://www.marketwatch.com/story/amc-to-sell-up-to-43-million-fresh-shares-but-calls-off-plans-to-seek-approval-for-500-million-more-11619564599). Instead, the theater chain will seek approval for a smaller number, and would not be able to sell any shares included in the approval until 2022. While cancelling its earlier plans for a shareholder vote, AMC said it would sell more than 40 million shares it had already received investor approval for, and this week the company has sold 8.5 million shares to Mudrick Capital Management L.P (http://www.marketwatch.com/story/amc-sells-85-million-shares-at-near-4-premium-to-mudrick-capital-stock-surges-2021-06-01). and 11.55 million shares in at-the-market offering announced Thursday morning and completed before the end of the day's trading session. The most recent stock issuance contributed to another roller-coaster trading day for the stock, which has been wrapped up in the "meme stock" phenomenon this year (http://www.marketwatch.com/story/amc-stock-dives-after-deal-to-sell-up-to-11-6-million-shares-11622722218). AMC plans to hold its annual shareholders meeting on July 29, when the vote would be held. AMC shares fell 17.9% in Thursday's regular session, and were down roughly 5% in after-hours trading, when the latest update was announced.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

June 03, 2021 17:45 ET (21:45 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.