0040-87766 Renesas Electronics has terminated its acquisition of semiconductor company Sequans
Japanese semiconductor manufacturer Renesas Electronics announced the cancellation of the proposed acquisition of French semiconductor company Sequans Communications and the termination of the implementation of the TOB (public trading of shares) for Sequans. Sequans shares plunged nearly 65% on February 23, closing at $0.90, a record low since listing in April 2011. 0040-87766 Renesas Electronics…