Röhm
Britishnoun
Example Sentences
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Toyota Motor-affiliated auto-parts supplier Denso 6902 -3.35%decrease; red down pointing triangle has made a takeover proposal for Kyoto-based chip maker Rohm, as semiconductors become crucial for vehicle electrification and self-driving technologies.
Rohm on Friday said it received a proposal from Denso to acquire shares of the company, including a potential takeover.
The news boosted Rohm’s stock 18% to its daily limit level, bringing its shares to a 2½-year high and its market value to $7.95 billion.
Rohm generates roughly half of its revenue from its automotive business.
Denso said separately on Friday that it is in discussions with Rohm for various strategic options, including acquiring additional shares in the semiconductor maker.
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