BRIEF-SiTime Corp To Acquire Renesas' Timing Business

Reuters
Feb 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

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