ALU altium limited
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News: ALU Japanese chipmaker Renesas to buy Australian software firm Altium for $5.9 bln

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    15/02/24
    09:50
    Post #: 72416389

    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) 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)

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