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By Sam Nussey and Kantaro Komiya
TOKYO (Reuters) -Japanese chipmaker Renesas Electronics on Thursday announced a $5.9 billion all-cash deal to buy electronics design software firm Altium, its second acquisition in a month, as it works to streamline device design.
Renesas said on Thursday it will pay A$68.50 a share for Altium in a 34% premium to its Wednesday closing price, with the purchase financed with bank loans and cash on hand.
Altium offers digital tools for designing circuit boards. T...
>>> Read more: Japan chipmaker Renesas to buy software company Altium for $5.9 billion
TOKYO (Reuters) -Japanese chipmaker Renesas Electronics on Thursday announced a $5.9 billion all-cash deal to buy electronics design software firm Altium, its second acquisition in a month, as it works to streamline device design.
Renesas said on Thursday it will pay A$68.50 a share for Altium in a 34% premium to its Wednesday closing price, with the purchase financed with bank loans and cash on hand.
Altium offers digital tools for designing circuit boards. T...
>>> Read more: Japan chipmaker Renesas to buy software company Altium for $5.9 billion
