Japanese chipmaker Renesas to buy Australian software firm Altium for $5.9 bln
14/02/2024 22:45
TOKYO, Feb 15 (Reuters) - Japanese chipmaker Renesas
Electronics 6723.T on Thursday said it will acquire a 100%
stake in Australian design software provider Altium ALU.AX for
A$9.1 billion ($5.91 billion) in an all-cash transaction.
Renesas will pay A$68.50 per share, putting a 34% premium to
Altium's Wednesday closing price, it said in a statement.
($1 = 1.5406 Australian dollars)
(Reporting by Kantaro Komiya; Editing by Chris Reese)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))
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