TOKYO (Reuters) – Japanese chipmaker Renesas Electronics on Thursday said it will acquire a 100% stake in Australian design software provider Altium for A$9.1 billion ($5.91 billion) in an all-cash transaction.
Renesas will pay A$68.50 per share, putting a 34% premium to Altium’s Wednesday closing price, it said in a statement.
($1 = 1.5406 Australian dollars)
(Reporting by Kantaro Komiya; Editing by Chris Reese)
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