Status: Pending Filing
Acquirer: Renesas Electronics Corporation (Japan)
Acquired: Sequans Communications S.A. (France)
Value: $249 million
Industry Tags: Semiconductors; Integrated Circuits; Telecommunications; Internet of Things
On August 7, 2023, “Renesas Electronics Corporation (TSE: 6723, ‘Renesas’), a premier supplier of advanced semiconductor solutions, and Sequans Communications S.A. (NYSE: SQNS, ‘Sequans’), a leader in 5G/4G cellular IoT chips and modules, [] announced that the two companies have entered into a memorandum of understanding (the ‘MoU’)” for Renesas to “commence a tender offer to acquire all outstanding ordinary shares, including American Depositary Shares (ADS) of Sequans . . .” (Press Release, Sequans Communications…
