"Japanese chipmaker Renesas Electronics Corp has agreed to buy Dialog Semiconductor, an Apple supplier, for 4.9 billion euros ($5.9 billion) in cash.
Renesas, one of the world’s biggest auto chip makers, has offered 67.50 euros a share for Dialog, representing a 20% premium to Friday’s closing price and a 52% premium to a weighted three-month average. Dialog is listed in Frankfurt and headquartered in the UK […]
Dialog shares traded 16% higher in Frankfurt at 65.30 euros, just shy of the agreed sale price. The Anglo-German chip designer confirmed on Sunday that it had received an offer from Renesas in response to news reports it was a takeover target."