Renesas Electronics Announces Completion of Transfer of Shares Accompanying Transfer of Subsidiary

01 Oct 2014

TOKYO, Japan, October 1, 2014 — Based on the agreement to transfer all of Renesas Electronics Corporation's (TSE: 6723, “Renesas Electronics”) shares in Renesas SP Drivers Inc. (“Renesas SP Drivers”), a consolidated subsidiary of Renesas Electronics (the “Share Transfer”), to Synaptics Holding GMBH, a wholly-owned subsidiary of Synaptics Inc. (NASDAQ: SYNA,), Renesas Electronics today announced that it has completed the share transfer procedures on October 1, 2014.

 

The transfer price is currently being evaluated under the provisions of the agreement. Therefore, Renesas Electronics Group will disclose the impact of the Share Transfer on its consolidated earnings after the evaluation of the transfer price is completed and once the amount is confirmed.

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