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On February 15, 2021, Dialog Semiconductor Plc (OTC PINK:DLGNF) disclosed an opening position related to a recent offer. The disclosure indicates that as of February 12, 2021, there are no relevant securities owned or controlled by the discloser, nor any cash-settled or stock-settled derivatives. Additionally, the positions held by directors are detailed, showing limited shareholdings relative to the total issued share capital of 71,268,687 shares. Key figures include Jalal Bagherli with 584,615 shares (0.82%).
Renesas Electronics Corporation has announced a recommended all-cash acquisition of Dialog Semiconductor for EUR 67.50 per share, totaling approximately EUR 4.9 billion. The deal is expected to generate around 200 million USD in incremental revenue and 125 million USD in cost savings annually post-acquisition. This strategic move aims to enhance Renesas' product offerings in the IoT, industrial, and automotive markets, leveraging Dialog's low-power technologies and connectivity expertise. The acquisition is set to be accretive to Renesas' gross margin and EBITDA.
Renesas Electronics Corporation has agreed to acquire Dialog Semiconductor for €67.50 per share, valuing Dialog approximately at €4.886 billion. This offer represents a premium of 20.3% over Dialog's closing price on February 5, 2021, and significant premiums over the daily volume weighted average prices in both three and six months prior. The Dialog Directors recommend shareholders approve the acquisition, which is expected to complete in the second half of 2021, subject to conditions such as shareholder approval and antitrust clearances.
Dialog Semiconductor has entered into an agreement for a recommended acquisition by Renesas Electronics Corporation. Shareholders will receive €67.50 per share, valuing Dialog at approximately €4,886 million. This offer shows a premium of 20.3% over the last closing price and up to 61.5% over various averages. The acquisition is subject to shareholder and regulatory approvals across multiple regions. If successful, it is expected to finalize in the second half of 2021.
Dialog Semiconductor plc is in advanced discussions with Renesas Electronics Corporation for a potential all-cash offer of €67.50 per share. The discussions follow recent market speculation. Dialog warns there is no certainty that a firm offer will be made, or its terms. Renesas must announce its intentions by March 7, 2021, or state it will not proceed. This mandatory statement is made by Dialog without Renesas' consent, indicating ongoing negotiations that could significantly impact its share capital.
Dialog Semiconductor has been selected by AST SpaceMobile to develop four custom mixed-signal & RF ASICs for their innovative satellite broadband network. This network will allow standard smartphones to access cellular broadband globally, even in remote areas. This partnership capitalizes on Dialog's expertise in RF ICs for satellite communication, enabling a secure radio communications link. The initiative aims to fill cellular coverage gaps for over 5 billion people, enhancing global connectivity.
Dialog Semiconductor plc has launched the SmartServer IoT Partner Program, aimed at System Integrators and OEM solution providers. This program offers access to Dialog's advanced edge server technology and software tools, enhancing the integration of IoT devices with cloud platforms. The SmartServer IoT is designed for seamless interoperability, enabling effective data management in smart factories and cities. Mark Tyndall, SVP of Corporate Development, highlights the program's role in Dialog's strategy for expanding its industrial IoT capabilities following recent acquisitions.
Dialog Semiconductor has signed a licensing agreement with GLOBALFOUNDRIES to utilize its Conductive Bridging RAM (CBRAM) technology. This embedded non-volatile memory (NVM) solution will first be available on the 22FDX platform in 2022, enhancing applications in IoT, 5G, and AI. CBRAM technology, acquired from Adesto Technologies, offers low power consumption, improved read/write speeds, and cost efficiency. This collaboration aims to strengthen both companies' market presence in advanced technology sectors, providing innovative solutions for automotive, industrial, and consumer applications.
Dialog Semiconductor has completed the second tranche of its 2019 Buyback Programme, repurchasing 696,849 ordinary shares at an average price of €42.6342 each, totaling €70 million. This adds to the cumulative buybacks of 2,036,705 shares, representing 2.7% of the company's ordinary share capital as of March 27, 2019. In total, the company bought back 5,171,600 shares under the 2019 Programme at an average price of €37.7059. Shareholder approval was secured to purchase up to 11,457,321 shares. No further shares will be bought under the 2019 Approval.
Dialog Semiconductor expects to report revenue of approximately US$386 million for Q3 2020, exceeding previous guidance of US$340 million to US$380 million. This growth is attributed to increased demand for products like PMICs, Bluetooth Low Energy, and CMICs, driven by consumer trends in headphones, fitness trackers, and other devices. The results will be published on November 5, 2020. The company operates a fabless model and had revenue of approximately US$1.4 billion in 2019, with around 2,300 employees globally.
