The deal, an all-cash agreement worth $3.2 billion, will grant shareholders $22.50 per share for all outstanding common stock, a premium of 43.9 percent on Intersil's closing price as of 19 August 2016. Necip Sayiner, president and CEO …
Renesas Electronics Corp. agreed to buy U.S. chipmaker Intersil Corp. for $3.2 billion ... according to a statement to the Tokyo Stock Exchange on Tuesday. The Tokyo-based company said it plans to pay for the purchase with cash on hand.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ISIL at https://www.zacks.com/ap/ISIL Keywords: Intersil, Earnings Report
Additionally, the company said the acquisition is expected to grow Renesas' product lines where the market is expected to rise by about $3.9 billion in 2020. Intersil's stock is up 70 percent this year-to-date. ISIL 2016 Chart
Shares of Intersil (ISIL) spiked more than 19 percent on Monday, as the chip maker neared an expected $3 billion acquisition with Japan's Renesas Electronics (Tokyo Stock Exchange: 6723.T-JP). Reuters reported that a source …
Anadarko stock dipped 23 cents to $57.56 and Freeport-McMoRan fell ... CHIP CHIP, HOORAY: Among the few gainers was chipmaker Intersil, which agreed to be bought by Renesas of Japan. Renesas’ offer values Intersil at $22.50 per …
NVIDIA currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%. Another well-ranked Semiconductor-General stock is Intersil Corporation ISIL, which holds a Zacks Rank #2 (Buy). You can see the …
Insider Trading is a weekly report of stock transactions involving officers ... ranging in price from $68.55 to $68.56 each on March 10 and now holds 5,929 shares. Intersil Corp. James A. Urry, director, exercised an option for 5,000 common …
Among the companies with shares expected to trade actively in Tuesday’s session are , , and . put out a strongly worded statement on Apple Inc.’s iPhone 7 preorders, saying they “shattered sales records” without giving many specifics. …