Renesas extends tender offer and receives uk nsia 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. - november 6, 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 secretary of state in the cabinet office of the united kingdom has determined not to take any further action in relation to the previously announced proposed acquisition of sequans by renesas under the national security and investment act 2021 ("nsia").
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