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Japanese chipmaker Renesas steps up deal spree with $5.8bn Altium bidFinancial Times

Summary by Ground News
Japanese semiconductor company Renesas Electronics Corp. said Thursday it will acquire U.S. software firm Altium Ltd. for about 9.1 billion Australian dollars ($5.9 billion) The offer price of 68.50 Australian dollars per share represents a roughly 34 percent premium on Altium's closing price on Wednesday.

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Techmeme broke the news in California, United States on Wednesday, February 14, 2024.
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