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Renesas will pay $22.50 per share for all $ISIL shares outstanding, a premium of about 43.9% over Aug. 19. Renesas will finance the deal with cash-on-hand, and expects to generate synergies of $170MM. Deal is expected to immediately increase both gross and operating margins, and add to Renesas' non-GAAP EPS and free cash flow after closing.
Planned to give Apple AirPods as a Christmas present to my beloved one. Looks like I need backup plans as $AAPL is delaying the release..!!
When you fall hard, I think you stay there for a long time.. I am looking at you $FTNT! After it released the earnings, the share price slipped and is staying around $30 for a long time.
$FOXA just entered into a preliminary deal with Sky plc under which it will acquire all shares, or should I say remaining shares for a total value of $23 billion. The sleeping fox catches no poultry, but this fox just caught something that’s a lot bigger than poultry.