Renesas Electronics Corp. of Japan has agreed to acquire Apple Inc. supplier Dialog Semiconductor PLC, the latest U.K.-based chipmaker being sold to Asian investors.
Dialog accepted the all-cash offer of about €4.9 billion ($5.9 billion; ¥620 billion), at €67.50 per share, the companies said in statements Monday.
The offer price is a 20% premium to Dialog’s Friday close of €56.12. Shares of the company — headquartered near London but listed in Frankfurt — have risen around 25% since the start of the year, boosted by strong demand for Apple’s 5G handsets as well as takeover speculation.