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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.
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