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Renesas to Acquire Intersil to Create the World’s Leading Embedded Solution Provider

Companies Combine Leadership in Microcontroller/System-On-Chip and Precision Analog & Power to Accelerate Growth

Key Transaction Highlights:

– Acquisition creates a highly synergistic, complementary product portfolio of system solutions targeted at large opportunities in the automotive, industrial, and IoT markets.

– Complementary customers and geographic penetration are expected to create immediate opportunities for revenue growth.

– US$22.50 per share in cash to be paid for all Intersil outstanding shares, representing a premium of approximately 43.9 percent over the unaffected price of Intersil’s common stock as of August 19, 2016.

– The transaction is expected to be immediately accretive to pro-forma non-GAAP EPS (earnings per share) and free cash flows after closing.

– Transaction will be financed with cash-on-hand.

For more detail, please visit this url:
https://www.renesas.com/en-hq/about/press-center/news/2016/news20160913a.html