Renesas gets CFIUS approval for $6 billion IDT buy

Renesas gets CFIUS approval for $6 billion IDT buy

Business news |
By Peter Clarke

CFIUS ruled that there are no unresolved national security concerns with respect to the transaction.

Antitrust clearance decisions have previously been obtained for the transaction from antitrust authorities in China, Germany, Hungary, South Korea and the United States. IDT stockholders have previously voted to adopt the merger agreement and approve the transaction at a meeting held on January 15, 2019.

The deal is now expected to complete on March 30 in Japan and March 29 in the United States.

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