Denso Withdraws Offer to Acquire Rohm
Denso Corporation has withdrawn its offer to acquire Rohm Company Ltd after failing to reach an agreement on the acquisition terms. The proposed JPY 1.3 trillion deal was deemed insufficient by Rohm, and Denso concluded that proceeding with the acquisition would not enhance its corporate value. The decision comes after ongoing discussions to expand collaboration between the two companies.
Topics: acquisition corporate strategy Denso Corporation Rohm Company Ltd semiconductor industry