By Colin KellaherTransphorm shares jumped 30% in premarket trading Thursday after the maker of gallium-nitride semiconductors agreed to be acquired by Japanese chip maker Renesas Electronics for around $339 million. Under the agreement, Transphorm shareholders will receive $5.10 a share in cash, a roughly 35% premium to Wednesday's closing price of $3.79 for the Goleta, Calif., company.

Source: Wall Street Journal January 11, 2024 18:25 UTC