STMicroelectronics N.V. : ST will ultimately engage in ‘transformative’ M&A, but we have grave reservations on Melexis, Dialog and (even more so) Siltronic assumptions
>We do not think that ST is a potential buyer of Melexis or Dialog…Renesas clearly a buyer of the latter… - On Friday 5 February, Milano Finanza indicated that, according to financial sources, ST was considering the acquisition of a European semiconductor manufacturer with a market capitalisation of around € 4bn. The name of the target was not revealed, but Siltronic, Dialog and Melexis were mentioned. We believe that none of these 3 names are part of ST's M&A strateg...STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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