Renesas extends tender offer and receives taiwan merger control approval 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. - december 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) pursuant to the taiwan fair trade act, the taiwan fair trade commission has given regulatory clearance to the previously announced proposed acquisition of sequans by renesas.
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