Renesas to acquire IDT for $6.7 billion

Renesas Electronics has signed a definitive agreement to acquire Integrated Device Technology (IDT) for $49.00 per share in cash, representing an equity value of approximately $6.7 billion. The acquisition combines Renesas' embedded processors with IDT's analog mixed-signal products.

“The acquisition combines two recognized leaders in embedded processors and analog mixed-signal semiconductors, each with unique strengths in delivering products to improve performance and efficiency in high-computing electronic systems.”sec.gov

• 4 sources
• sec.govEX-99.1Sep 11, 2018
• phys.orgJapan semiconductor company Renesas to buy US firm IDT for $6.7bnScience XSep 11, 2018
• oiger.deNun offiziell: Renesas kauft IDT - OigerHeiko WeckbrodtSep 11, 2018
• reuters.comJapan's Renesas to buy U.S. chipmaker IDT for $6.7 billionSep 11, 2018

Summarized from public sources; check the original articles before acting on it.