BRIEF-SiTime Corp To Acquire Renesas' Timing Business

Reuters

02/05

BRIEF-<a href="https://laohu8.com/S/SITM">SiTime Corp</a> To Acquire Renesas' Timing Business

Feb 4 (Reuters) - SiTime Corp SITM.O:

SITIME CORP - TO BUY ASSETS FOR $1.5 BILLION IN CASH AND 4.13 MILLION SHARES
SITIME TO ACQUIRE RENESAS’ TIMING BUSINESS
SITIME CORP: ACQUIRED BUSINESS EXPECTED TO GENERATE $300 MILLION IN REVENUE IN 12 MONTHS POST-CLOSE
SITIME CORP - TO FUND CASH CONSIDERATION WITH $900 MILLION DEBT FINANCING

Source text: ID:nGNX400CWj

Further company coverage: SITM.O

((Reuters.Briefs@thomsonreuters.com;;))

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