# Renesas extends tender offer for Sequans, receives UK NSIA clearance

Renesas Electronics has extended its tender offer to acquire Sequans Communications until November 21, 2023, and has received clearance from the UK Secretary of State under the National Security and Investment Act. The offer is $0.7575 per ordinary share and $3.03 per ADS.

- Type: Acquisition
- Announced: 2023-11-06
- Where: Japan
- Status: announced
- Products: cellular IoT chips, wireless communication semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (acquirer)
- [Sequans Communications](https://endata.com/companies/71864.md) (target)

## Sources

- [sequans.com](https://sequans.com/renesas-extends-tender-offer-and-receives-uk-nsia-clearance-for-proposed-acquisition-of-sequans/), 2023-11-06: "Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares of Sequans for $3.03 per ADS in cash."
- [renesas.com](https://www.renesas.com/en/about/newsroom/renesas-extends-tender-offer-proposed-acquisition-sequans-2023-12-19), 2023-12-19: "Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares of Sequans for $3.03 per ADS in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.