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Stock impact report

Renesas closes on $6.3B acquisition of IDT [Seeking Alpha]

INTEGRATED DEVICE (IDTI) 
Last integrated device earnings: 1/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.idt.com/investor-relations
Company Research Source: Seeking Alpha
Renesas closes on $6.3B acquisition of IDT - Integrated Device Technology, Inc. (NASDAQ:IDTI) | Seeking Alpha Tech | M&A Renesas closes on $6.3B acquisition of IDT Mar. 29, 2019 9:46 PM ET Integrated Device Technolo... (IDTI) Jason Aycock Renesas Electronics ( OTCPK:RNECY closed on its $6.3B cash/debt acquisition IDT becomes a wholly owned subsidiary of Renesas, and Dr. Sailesh Chittipeddi will lead IDT as president and CEO while joining Renesas as executive VP. Renesas has said it expects positive impact in the area of $250M in non-GAAP operating income per year on a run-rate basis. The deal is expected to be highly accretive to pro forma non-GAAP gross margin, EPS and free cash flows immediately. Click to subscribe to real-time analytics on IDTI Now read: My Preview For AMD's Earnings » Subscribe Show less Read more
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