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Renesas Electronics has announced that it is to acquire Sequans Communications, a specialist in 5G/4G cellular IoT chips and modules, in a deal that values the company at $249 million.
EXECUTION VERSION MEMORANDUM OF UNDERSTANDING BY AND BETWEEN RENESAS ELECTRONICS CORPORATION ...
Renesas Electronics and Sequans Communications have signed a Memorandum of Understanding (MoU) providing for the acquisition of Sequans by Renesas. Prior to this, the Sequans works council must be consulted and a positive recommendation must be made by the Sequans board.
Renesas and Sequans Communications have entered into a memorandum of understanding, under which Renesas will – following consultation of the Sequans’ works council – commence a tender offer to acquire all outstanding ordinary shares of Sequans.
If you see flashing red and blue lights in your rearview mirror, you know you must stop or at least slow down and make room for the law enforcement unit ...