Intersil Corp (ISIL.OQ)
6 Dec 2016
* Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S
TOKYO Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips.
BRIEF-Renesas will be obligated to pay Intersil a termination fee in cash, upon termination of merger
* Renesas will be obligated to pay Intersil a termination fee equal to $96.5 million in cash, upon termination of merger - SEC filing
* Renesas beats US suitor Maxim Integrated Products (Adds fund manager comment, Maxim comment)
Sept 13 Renesas Electronics Corp CEO and President Bunsei Kure says:
TOKYO, Sept 13 Japan's Renesas Electronics Corp said on Tuesday that it would buy U.S. chipmaker Intersil Corp for $3.219 billion amid a wave of consolidation in the global semiconductor industry.
Intersil Corp may announce a sale to Renesas Electronics Corp as early as next week, choosing the Japanese semiconductor company over U.S. suitor Maxim Integrated Products Inc , people familiar with the matter said.
Aug 31 Intersil Corp may announce a sale to Renesas Electronics Corp as early as next week, choosing the Japanese semiconductor company over U.S. suitor Maxim Integrated Products Inc, people familiar with the matter said.
TOKYO, Aug 22 Japan's Nikkei share average edged up on Monday morning, but gains were limited as investors were cautiously focused on this week's meeting of global central bankers in Jackson Hole, Wyoming, where the U.S. Federal Reserve may provide an insight on the rate outlook.
* Sees Q3 GAAP earnings per share $0.11 to $0.13, adjusted eps $0.18 to $0.20
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