Altium’s Acquisition by Renesas Clears Regulatory Hurdles
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Altium’s Acquisition by Renesas Clears Regulatory Hurdles

Altium (AU:ALU) has released an update.

Altium Limited has announced that all necessary regulatory approvals have been obtained for its acquisition by Renesas Electronics Corporation. The Altium Board has unanimously recommended that shareholders vote in favor of the arrangement, with a shareholder meeting scheduled for July 12, 2024, to decide on the matter. If approved, the acquisition is set to be implemented on August 1, 2024.

For further insights into AU:ALU stock, check out TipRanks’ Stock Analysis page.

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