Japanese semiconductor company Renesas Electronics will acquire Altium for $9.1 billion in cash, striking one of the largest software deals in Australian history.
The board of Altium unanimously endorsed the bid by Renesas to buy the electronics design software company for $68.50 a share. The price represents a 33.6 per cent premium to Altium’s last closing price on Wednesday, and a 30.9 per cent premium to its all-time high.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
