Renesas extends tender offer 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 20, 2023) - renesas electronics corporation (tse: 6723) ("renesas") and sequans communications s.a. (nyse: sqns) ("sequans") today announced that 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.
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