ALU altium limited
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News: ALU Altium Says Renesas Will Acquire All Outstanding Shares Of Co

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    15/02/24
    12:15
    Post #: 72421273

    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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