Final Regulatory Approval on Renesas’ Acquisition of Intersil

Acquisition Expected to Close on February 24, 2017 PST

Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Intersil Corporation, a leading provider of innovative power management and precision analog solutions, February 22, 2017, announced that they received notification by the Committee on Foreign Investment in the United States  that the investigation of the merger transaction under which Renesas will acquire Intersil is complete and that there are no unresolved national security concerns with respect to the transaction.

All necessary regulatory approvals for the acquisition have now been received and the merger is expected to close on February 24, 2017 PST, subject to customary closing deliveries. Intersil stockholders have previously voted to adopt the merger agreement and approve the transaction at a special meeting of stockholders held on December 8, 2016.

Learn more at www.renesas.comwww.intersil.com

SHARE
Previous articleSeamless Connectivity for Windows 10 devices by joint venture of Gemalto and Microsoft
Next articleVicor brings the new PI3525-00-LGIZ into their Cool-Power ZVS Buck Regulators Family
ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

LEAVE A REPLY