Apple supplier Dialog Semiconductor snapped up by Japanese tech giant for $6 billion

Apple supplier Dialog Semiconductor snapped up by Japanese tech giant for $6 billion
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Shares in Dialog Semiconductor
0OLN,
+5.98%

soared 21% on Monday, after Japan’s Renesas Electronics snapped up the U.K.-listed Apple supplier for €4.9 billion ($5.9 billion).

The all-cash offer of €67.50 a share represents a 20% premium to Dialog’s closing share price on Friday, and a 52% premium to a weighted three-month average, the company said in a statement.

Dialog
DLGNF,
+8.23%
,
whose clients include Apple
AAPL,
-0.31%
,
Samsung Electronics
005930,
-0.60%
,
Panasonic
6752,
+2.80%

and Xiaomi
1810,
-0.18%
,
said that the deal was a “compelling opportunity” for its shareholders and that its board would…



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