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Business | March 25, 2019
Renesas gets CFIUS approval for IDT buy
Renesas and IDT have received final regulatory approval for Renesas’ proposed acquisition of IDT. The acquisition is expected to close at the end of March 2019.
Renesas Electronics Corp. has received notification by the Committee on Foreign Investment in the United States (CFIUS), that the investigation of the companies’ proposed merger transaction is complete. There are no unresolved national security concerns with respect to the transaction, a press release from Renesas states.
The approval by CFIUS was the last outstanding regulatory authorisation required to complete the transaction. Antitrust clearance decisions have previously been obtained for the transaction from antitrust authorities in China, Germany, Hungary, South Korea and the United States. IDT stockholders have already voted to adopt the merger agreement and approve the transaction in January 2019.
All necessary regulatory approvals for the acquisition have now been received and the transaction is expected to complete on March 29, 2019 PDT, subject to customary closing conditions.
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AT&S develops new solutions for autonomous driving
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Sponsored content by congatec AG
The Edge of the Future: Modular Edge Computing
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Aurora Labs attracts $23 million in series B funding round
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Zinc8 team up with Vijai Electricals to explore JV opportunities
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Sponsored content by Nordson ASYMTEK
Conformal Coating Results — When You Need Better Than Just "Good Enough"
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Edwards to set up centre in Dublin
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Sponsored content by Mek (Marantz Electronics)
3D AOI connectivity is exceptionally important, but what about inspection quality?
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Huawei opens 5G test centre in Serbia
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First Sensor plans to sell its subsidiaries in USA and France to TE Connectivity
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Silvaco acquires the assets of Coupling Wave Solutions S.A.
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Everlight criminally convicted for misappropriating Seoul Semi trade secrets
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MaxLinear acquires NanoSemi, Inc.
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Delphi secures major power electronics business win
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Yamaichi Electronics' new European factory
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