Renesas Electronics To Acquire Transphorm For $5.10/Share In Cash, Expanding Its Power Portfolio With GaN Technology
Portfolio Pulse from Benzinga Newsdesk
Renesas Electronics Corporation is set to acquire Transphorm, Inc. for $5.10 per share in cash. This acquisition values Transphorm at approximately $339 million and represents a significant premium over its recent trading prices. The deal will enhance Renesas's power semiconductor portfolio with Transphorm's GaN technology, which is crucial for various fast-growing markets including electric vehicles and renewable energy.
January 11, 2024 | 7:19 am
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Transphorm's shares are being acquired at $5.10 each, a 35-78% premium over recent prices, indicating a significant short-term upside for shareholders.
The acquisition price is set at a substantial premium to Transphorm's recent trading prices, which is likely to result in a positive short-term impact on TGAN's stock price as the market adjusts to the acquisition terms.
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