B. Riley Downgrades Intersil (ISIL) to Neutral
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Renesas to Acquire Intersil to Create the World’s Leading Embedded Solution Provider
September 12, 2016 8:19 PM EDTCompanies Combine Leadership in Microcontroller/System-On-Chip and Precision Analog & Power to Accelerate Growth
Key Transaction Highlights:
Acquisition creates a highly synergistic, complementary product portfolio of system solutions targeted at large opportunities in the automotive, industrial, and IoT markets. Complementary customers and geographic penetration are expected to create immediate opportunities for revenue growth. US$22.50 per share in cash to be paid for all Intersil outstanding shares, representing a premium of approximately 43.9 percent over the unaffected price of Intersils... More