Renesas Announces Termination of Memorandum of Understanding and Tender Offer for Proposed Acquisition of Sequans [Yahoo! Finance]
Sequans Communications S.A. American Depositary Shares (SQNS)
Last sequans communications s.a. american depositary shares earnings: 4/23 06:00 am
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Source: Yahoo! Finance
announced Memorandum of Understanding ("MOU") between Renesas and Sequans Communications S.A. (NYSE: SQNS, "Sequans"), pursuant to which Renesas had made a tender offer to purchase all of the issued and outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares ("ADSs") of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash. The previously announced tender offer has also been terminated by Renesas. Under the terms of the MOU, either Renesas or Sequans can terminate the MOU if, among other reasons, Renesas receives a confirmation from the National Tax Agency of Japan that consummation of the reorganization provided in the MOU would require Renesas to recognize taxable gain and pay such tax under Article 66-6 of Act on Special Measures Concerning Taxations of Japan (an "Adverse Japanese Tax Ruling"). On February 15, 2024, Renesas received an Adverse Japanese Tax Ruling. As a result, Renesas exercised its right to ter
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News
- Sequans Communications S.A. (NYSE: SQNS) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
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- Global Cellular IoT Market Size To Worth USD 45.64 Billion By 2033 | CAGR Of 22.21% [Yahoo! Finance]Yahoo! Finance
- Sequans secures standstill agreements on existing maturity of debt obligations [Seeking Alpha]Seeking Alpha
- Sequans Secures Standstill Agreements on Existing Debt Maturities [Yahoo! Finance]Yahoo! Finance
SQNS
Earnings
- 11/2/23 - Beat
SQNS
Sec Filings
- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- 3/25/24 - Form 6-K
- SQNS's page on the SEC website