M&A · Tech · Semiconductors & Related Devices
Renesas Electronics Corp to acquire Sequans Communications
Announced Aug 7, 2023 · Pending Sep 11, 2023
Deal value$249M
Premium42.3%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- Renesas Electronics Corp
- Target
- Sequans Communications (SQNS)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Pending Sep 11, 2023
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- BofA Securities
- To the target
- Needham
Sector context · Tech
- Comparable deals
- 60 in the prior 24 months
- Premium
- 42.3% vs. 43.8% sector median
- EV / Adj. EBITDA
- Sector median 17.8x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedAug 7, 2023
- Tender offerSep 11, 2023
- ClosedPending