Loading…

Renesas Electronics agreed to acquire Sequans Communications, a cellular IoT chip leader, for approximately $249 million through a tender offer at $3.03 per ADS. The deal is expected to close by Q1 2024.
“Renesas will, following consultation of the Sequans’ works council and favorable recommendation by the Sequans Board, commence a tender offer to acquire all outstanding ordinary shares.”techmezine.com
Summarized from public sources; check the original articles before acting on it.