Goliath transmitter

Renesas Extends Tender Offer and Receives UK NSIA Clearance for Proposed Acquisition of Sequans

Retrieved on: 
Monday, November 6, 2023
BNY Mellon, United Kingdom, Electronics, Bank, NYSE, Investment, Goliath transmitter, State, Acquisition, Cabinet, Bangladesh Securities and Exchange Commission, American depositary receipt, NSIA, TSE, ADS, National Security and Investment Act 2021, Letter, CFIUS, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on November 6, 2023, has been extended until one minute after 11:59 P.M., New York City time, on November 21, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, regulatory approvals (other than the NSIA approval and the previously announced CFIUS approval) and the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on November 3, 2023, approximately 98,807,609 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 35.2% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.
  • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

Renesas Extends Tender Offer for Proposed Acquisition of Sequans

Retrieved on: 
Friday, October 20, 2023
BNY Mellon, Electronics, Bank, NYSE, Goliath transmitter, Bangladesh Securities and Exchange Commission, American depositary receipt, TSE, ADS, Letter, CFIUS, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • Tokyo, Japan and Paris, France--(Newsfile Corp. - October 20, 2023) - Renesas Electronics Corporation (TSE: 6723) ("Renesas") and Sequans Communications S.A. (NYSE: SQNS) ("Sequans") today announced that Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares ("ADSs") of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash, without interest and less any applicable withholding taxes.
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on October 23, 2023, has been extended until one minute after 11:59 P.M., New York City time, on November 6, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, regulatory approvals (other than the CFIUS approval) and the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on October 19, 2023, approximately 50,724,714 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 18.09% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.

Renesas Extends Tender Offer and Receives CFIUS Clearance for Proposed Acquisition of Sequans

Retrieved on: 
Thursday, October 5, 2023
CFIUS, NYSE, Acquisition, Foreign investment, Committee on Foreign Investment in the United States, TSE, Bangladesh Securities and Exchange Commission, ADS, Goliath transmitter, BNY Mellon, Committee, Letter, American depositary receipt, Bank, Electronics, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on October 6, 2023, has been extended until one minute after 11:59 P.M., New York City time, on October 23, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the closing conditions of the tender offer, including, the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans, as well as confirmation of tax treatment from relevant authorities, regulatory approvals (other than the CFIUS approval which has been obtained) and other customary closing conditions.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 P.M., New York City time, on October 4, 2023, approximately 15,647,106 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 6.67% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.
  • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.