Dialog Semiconductor To Be Bought By Japan s Renesas Electronics In €4.89 Bln Deal
KIRCHHEIM (dpa-AFX) - Dialog Semiconductor Plc (DLGNF.PK, DLGS) announced Monday that it has reached agreement on the terms of a recommended acquisition by Renesas Electronics Corp., a Japanese supplier of advanced semiconductor solutions, for 67.50 euros in cash per Dialog share. The offer price values Dialog at approximately 4.886 billion euros.
The per share price represents a premium of approximately 20.3 percent to the Closing Price of 56.12 euros for each Dialog Share on February 5, being the last Business Day before the date of this announcement.
The acquisition is expected to be implemented by means of a UK Scheme of Arrangement. The deal will be conditional on approval at a shareholder meeting of Dialog and at a UK court meeting, as well as several regulatory approvals, including in, inter alia, Germany, the People s Republic of China, Taiwan and the United States.
Rising prospects for a robust federal spending package, coupled with a slowdown in virus infection rates, sent U.S. stocks higher for the sixth straight session.
Global stocks rally to record as oil, U S Treasury yields rise bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Rising prospects for a robust federal spending package, coupled with a slowdown in virus infection rates, sent U.S. stocks higher for the sixth straight session. The S&P 500 Index rose 0.7% to an all-time high, spurred by fresh signs the Biden administration is committed to passing a sizable aid bill to address unemployment. An increase in vaccination numbers boosted optimism that the economy will take off later this year. Treasuries started the day lower, but mostly erased losses on speculation recent declines had gone too far with the latest economic data showing some weakness. Commodities prices pointed to renewed optimism in the global economic recovery. Brent oil advanced above $60 a barrel for the first time in more than a year, while copper climbed for a second day and iron ore prices rebounded. Bitcoin jumped to a record after Tesla Inc. bought $1.5 billion of the cryptocurrency. “As people feel safer, investors can expect the economy to experience a rebound tha
(Bloomberg) Rising prospects for a robust federal spending package, coupled with a slowdown in virus infection rates, sent U.S. stocks higher for the sixth straight session. The S&P 500 Index rose 0.7% to an all-time high, spurred by fresh signs the Biden administration is committed to passing a sizable aid bill to address unemployment. An increase in vaccination numbers boosted optimism that the economy will take off later this year. Treasuries started the day lower, but mostly erased losses on speculation recent declines had gone too far with the latest economic data showing some weakness. Commodities prices pointed to renewed optimism in the global economic recovery. Brent oil advanced above $60 a barrel for the first time in more than a year, while copper climbed for a second day and iron ore prices rebounded. Bitcoin jumped to a record after Tesla Inc. bought $1.5 billion of the cryptocurrency. “As people feel safer, investors can expect the economy to experience a rebound tha