News
NEC, Renesas postpone signing merger deal Tuesday 28 July 2009 | 03:35 AM CET
 
NEC Electronics and Renesas Technology have postponed signing an agreement for a merger. In April, NEC Electronics started talks with Renesas, the semiconductor joint venture of Hitachi and Mitsubishi Electric. The combination is expected to create the world's third-largest semiconductor maker, with annual sales of JPY 1.64 trillion. However, the companies have now pushed back the deadline for signing the contract for the merger as key shareholders have not yet reached an agreement on certain matters, such as cost burdens for financial restructuring. The contract was supposed to have been signed by end-July with the actual merger to take place in April 2010.
More: General | Japan
© 2000 - 2010 Telecompaper
Bookmark and Share
 







This Week

Next Week

08 Feb DTAC FY 2009
08 Feb Ikanos Communications Q4 2009
08 Feb Nuance Q1 2010
09 Feb SingTel Q3 2009/10
09 Feb Comptel Q4 2009
09 Feb IAC Q4 2009
09 Feb Tele2 Q4 2009
09 Feb Wolfson Microelectronics Q4 2009
10 Feb Sprint Nextel Q4 2009
10 Feb Telenor Q4 2009
10 Feb Commtouch Q4 2009
10 Feb Tieto Q4 2009
10 Feb Equinix Q4 2009
11 Feb Alcatel-Lucent Q4 2009
11 Feb Rovi Corporation Q4 2009
11 Feb TranSwitch Q4 2009
11 Feb Turk Telecom FY 2009
11 Feb Telstra H1 2009/10
11 Feb ADB FY 2009
11 Feb Redknee fiscal Q1 2010
11 Feb TeliaSonera Q4 2009
11 Feb SonicWALL Q4 2009
11 Feb BT Q3 2009/10
12 Feb AIS Q4 2009
12 Feb Elisa Q4 2009
12 Feb Telecom NZ Q2 2009/10