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

February 8, 2021 admin Stock News 0

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© Reuters. FILE PHOTO: Renesas Electronics Corp’s logos are pictured at the company’s conference in Tokyo

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TOKYO (Reuters) – 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 (NASDAQ:) supplier at around $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.

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