STMicroelectronics to Buy Majority Stake in France's Exagan
March 05 2020 - 04:40AM
Dow Jones News
By Cristina Roca
STMicroelectronics NV said Thursday that it has agreed to buy a
majority stake in France's Exagan for an undisclosed amount.
The Geneva-based semiconductor company said the deal will be
funded with available cash, and the agreement also provides for the
acquisition of the remaining minority stake in Exagan 24 months
after the closing of the initial deal.
Exagan is a company specialized in power devices which use
gallium nitride, a semiconductor technology.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
March 05, 2020 04:25 ET (09:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
STMicroelectronics NV (NYSE:STM)
Historical Stock Chart
From Feb 2024 to Mar 2024
STMicroelectronics NV (NYSE:STM)
Historical Stock Chart
From Mar 2023 to Mar 2024