SiTime to buy Renesas timing business for $1.5 billion cash plus 4.13 million shares
SiTime agreed to acquire certain assets of Renesas Electronics' timing business for $1.5 billion in cash and 4,130,644 newly issued shares, with the share count set by a 10-day VWAP collar. The companies expect the deal to close by the end of 2026, subject to regulatory approvals, and SiTime plans to fund the cash portion with cash on hand and a $900 million Wells Fargo bridge loan commitment. For shareholders, the deal adds a business expected to generate $300 million in revenue in the 12 months after closing, but it brings a large cash outlay, share issuance and new debt.
Key points
- Consideration is $1.5 billion in cash plus 4,130,644 shares of common stock, with the share count based on a 10-day VWAP subject to a floor of $308.6686 and a ceiling of $417.6104.
- Wells Fargo committed up to $900.0 million in a 364-day senior secured bridge loan; the acquisition is not conditioned on this financing.
- The acquired business is expected to generate $300 million in revenue in the 12 months after closing, per the press release.
- Closing is expected by the end of 2026 and requires HSR waiting period expiration and other approvals; SiTime may owe a $150.0 million or $75.0 million termination fee in specified circumstances.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.