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Stock impact report

SiTime Is Said to Near $3 Billion Deal for Renesas Timing Unit [Yahoo! Finance]

NINTENDO CO LTD UNSP/ADR (NTDOY) 
NASDAQ:AMEX Investor Relations: nintendo.co.jp/ir/en
Company Research Source: Yahoo! Finance
Santa Clara, California-based SiTime is putting the final touches on a purchase of the Renesas division, which makes the clocks that synchronize the signals in wireless infrastructure, said the people, who asked to not be identified because the discussions aren't public. A transaction could value the business at about $3 billion, the people said. Most Read from Bloomberg ICE Begins Buying ‘Mega' Warehouse Detention Centers Across US LA's $1.2 Billion Graffiti Towers Reach Bankruptcy Exit Deal Congestion Pricing's Unexpected Winners: Suburban Drivers Forget Free NYC Buses: Just Build 41 Miles of New Subways Manchester Shows What UK Economic Revival Can Look Like The companies could reach an agreement as soon as Thursday, when Renesas is scheduled to report its full-year earnings, the people said, adding that negotiations are ongoing and could still fall apart. Representatives for SiTime and Renesas didn't immediately respond to requests seeking comment. SiTime specia Show less Read more
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