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Robbins Arroyo LLP: Acquisition of Intersil Corporation (ISIL) by Renesas Electronics Corporation (Tokyo 6273) May Not Be in Shareholders' Best Interests

SAN DIEGO & MILPITAS, Calif.--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Intersil Corporation (NASDAQ: ISIL) by Renesas Electronics Corporation (TSE: 6273). On September 12, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Renesas will acquire Intersil. Under the terms of the agreement, Intersil shareholders will receive $22.50 for each share of Intersil common stock.