Renesas Bets on Smarter Cars With $3 Billion Intersil Purchase

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  • Renesas is offering $22.50 a share, 14 percent premium
  • Company plans to pay with cash on hand, no new borrowing

Does the Renesas Purchase of Intersil Make Sense?

Renesas Electronics Corp. agreed to buy U.S. chipmaker Intersil Corp. for $3.2 billion, seeking to carve out a bigger role for itself as a provider of chips for automobiles as cars become loaded with more technology and add self-driving capabilities.

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