Renesas Announces Termination of Memorandum of Understanding and Tender Offer for Proposed Acquisition of Sequans
The previously announced tender offer has also been terminated by Renesas.
- The previously announced tender offer has also been terminated by Renesas.
- As a result, Renesas exercised its right to terminate the MOU, and as a result of such termination, the tender offer has also been terminated.
- As a result of the termination of the MOU and termination of the tender offer, no ordinary shares or ADSs of Sequans will be purchased by Renesas in the tender offer and all ordinary shares and ADSs previously tendered but not withdrawn will be promptly returned.
- This communication constitutes a formal notification of the expiration of the tender offer and a formal notification that Renesas will not accept for purchase any ordinary shares or ADSs of Sequans tendered in connection with the tender offer.