Renesas Scooping Up Sequans

Renesas Scooping Up Sequans Analyzing the Changes since Renesas Acquisition Announcement for Sequans

As of 12/06/2023 Close price: $2.79

Event close price: $3.03

Upside: +7%

Deal Closure Date: First Quarter 2024. Close in the next 4 to 5 months

On August 4, 2023, Renesas Electronics Corporation (“Renesas”) announced a tender offer to acquire all outstanding shares of Sequans Communications S.A. (“Sequans”) for $0.7575 per Ordinary Share and $3.03 per American Depositary Share (“ADS”).

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