Altium Ltd
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Altium agrees to $9.1b buyout by Renesas, marking a strategic expansion in electronics design
Australian-based software company Altium (ASX: ALU) is preparing to be bought out by Japanese advanced semiconductor solutions firm Renesas Electronics by way of a $9.1 billion scheme implementation agreement. Under the terms of the proposal, Renesas will acquire all of Altium’s outstanding shares for a cash price of $68.50 each, representing a total enterprise value […]
WAAAXing and waning tech valuations show danger of treating sector as an amorphous lump
The founder of one of the ASX’s most unusual tech companies is scathing about the business model of tech stocks with billion dollar-plus valuations, with the current climate redolent of the dot-com era. “I find it hard to understand why companies stampede into these businesses,” says David Dicker, founder, chief executive officer and chairman of […]