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Renesas Electronics Corp to Merge with Subsidiary and Announces Merger between Subsidiaries

Monday, 29 Jul 2013 02:00am EDT 

Renesas Electronics Corp announced that it will merge with a wholly owned subsidiary Renesas Electronics Sales Co., Ltd., which has been engaged in the sale of semiconductors, integrated circuits, electrical equipment and communication equipment, as well as the development, manufacture, sale and maintenance of software related products in Tokyo, effective October 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved. The Company also announced that its three wholly owned subsidiaries including Renesas Micro Systems Co., Ltd. will merge with another four wholly owned subsidiaries including Renesas Design Corp, effective October 1, 2013. The three subsidiaries will the surviving companies and the four other subsidiaries will be dissolved. 

Company Quote

-34.0 -3.93%
2:00am EDT