Japan's Renesas to buy Australian software maker Altium for $5.9bn
TOKYO (Reuters) -- Japanese chipmaker Renesas Electronics on Thursday said it will acquire a 100% stake in Australian design software provider Altium for 9.1 billion Australian dollars ($5.91 billion) in an all-cash transaction.
Renesas will pay A$68.50 per share, putting a 34% premium to Altium's Wednesday closing price, it said in a statement.