Denso to Withdraw Proposal to Take Over Rohm, Nikkei Says

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Denso Corp. is set to withdraw its proposal to take over semiconductor maker Rohm Co., as the two sides were unable to see eye to eye on an offer, Nikkei reported.Denso was unable to get Rohm’s support for the acquisition, the newspaper reported, without saying where it got the information. Rohm may have had concerns about becoming overly reliant on automotive chips, or that its existing relationships with other auto parts manufacturers would be impacted, Nikkei said.
