Renesas and Intersil announce final approval for their acquisition

Renesas and Intersil has announced that they received notification by the Committee on Foreign Investment in the US on 21st February 2017.

The investigation of the merger transaction under which Renesas will acquire Intersil is complete and that there are no unresolved national security concerns with respect to the transaction.

All necessary regulatory approvals for the acquisition have now been received and the merger is expected to close on 24th February 2017 PST, subject to customary closing deliveries. Intersil stockholders have previously voted to adopt the merger agreement and approve the transaction at a special meeting of stockholders held on 8th December 2016.

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