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”).