Mergers & Acquisitions ·
SiTime Corporation filed an amendment to its Form 8-K to provide required financial statements and pro forma…
SITMSITIME Corp
SiTime Corporation filed an amendment to its Form 8-K to provide required financial statements and pro forma information for the acquisition of Renesas Electronics' Timing Product Business. The transaction closed on July 1, 2026, with a total consideration of approximately $4 billion, comprising $1.5 billion in cash and 3,558,691 shares of SiTime common stock valued at $703.84 per share. SiTime funded the acquisition using existing cash, including proceeds from $1.35 billion in convertible senior notes issued in May 2026. The acquired business generated $153 million in revenue for the six months ended June 30, 2026. SiTime designs and manufactures timing devices, including crystal oscillators and clock generators.