M&A
confidence high
sentiment positive
materiality 0.75
HSR waiting period expires for SiTime's $1.5B acquisition of Renesas timing business
SITIME Corp
- HSR waiting period expired on May 8, 2026, satisfying one condition for the acquisition.
- Acquisition price: ~$1.5B cash plus 4,130,644 shares of SITM common stock.
- Debt commitment from Wells Fargo: up to $900M senior secured bridge loan facility.
- Closing remains subject to other conditions including accuracy of reps and warranties.