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Renesas Electronics says in talks about US$6 billion acquisition of Dialog Semiconductor

Japan's Renesas Electronics Corp said it is in talks with Dialog Semiconductor GmbH about a potential acquisition that would value the Frankfurt-listed Apple Inc supplier at around US$6 billion.

FILE PHOTO: Renesas Electronics Corp's logos are pictured at the company's conference in
FILE PHOTO: Renesas Electronics Corp's logos are pictured at the company's conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai/File Photo

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TOKYO: Japan's Renesas Electronics Corp said it is in talks with Dialog Semiconductor GmbH about a potential acquisition that would value the Frankfurt-listed Apple Inc supplier at around US$6 billion.

Renesas in a statement through the Tokyo Stock Exchange said it was in talks to buy Dialog for 67.50 euros a share, and that regulations meant it would have to disclose any intention to purchase by March 7.

(Reporting by Tim Kelly; Editing by Christopher Cushing)

Source: Reuters