Renesas extends tender offer and receives cfius clearance for proposed acquisition of sequans

Shareholders to receive u.s. $0.7575 per ordinary share and u.s. $3.03 per ads in cash tokyo, japan and paris, france--(newsfile corp. - october 5, 2023) - renesas electronics corporation (tse: 6723) ("renesas") and sequans communications s.a. (nyse: sqns) ("sequans") today announced that (i) 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 ("adss") of sequans for $3.03 per ads (each ads representing four ordinary shares) in cash, without interest and less any applicable withholding taxes and (ii) the committee on foreign investment in the united states ("cfius") has cleared the proposed acquisition of sequans by renesas.
SQNS Ratings Summary
SQNS Quant Ranking