Brief: Altium Says Renesas Will Acquire All Outstanding Shares Of Co

Altium

15/02/2024 01:14

Feb 15 (Reuters) - Renesas Electronics Corp  6723.T :
    * RENESAS WILL ACQUIRE ALL OUTSTANDING SHARES OF ALTIUM  FOR
A
CASH PRICE OF A$68.50 PER SHARE
    * DEAL FOR TOTAL EQUITY VALUE OF APPROXIMATELY A$9.1 BILLION
    * DEAL FOR AN  ENTERPRISE VALUE OF A$8.8 BILLION
    * TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF
DIRECTORS
OF BOTH ALTIUM AND RENESAS
    * RENESAS PLANS TO FINANCE THE TRANSACTION WITH BANK LOANS
AND
CASH ON HAND

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Further company coverage:  6723.T