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Sika To Buy Russian Mortar Manufacturer Kreps; Terms Not Disclosed

Renesas Electronics says in talks about $6 billion acquisition of Dialog Semiconductor

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TOKYO (Reuters) – Japan’s Renesas Electronics Corp said it is in talks with Dialog Semiconductor GmbH about a potential acquisition that would value the Frankfurt-listed Apple Inc supplier at around $6 billion.

Renesas in a statement through the Tokyo Stock Exchange said it was in talks to buy Dialog for 67.50 euros a share, and that regulations meant it would have to disclose any intention to purchase by March 7.

Three quick points to start the second half: The Chiefs kick a field goal and it’s 21-9.

Just as fast as the offense raced upfield, the Chiefs’ drive stalls out. Butker, though, is there again: He kicks a 52-yard field goal, his third of the game. Is 3 points enough to get the Chiefs’ swagger back? It may depend on whether their defense can get a stop or two here.

Edwards-Helaire starting off the 2nd half in a big way 🔥 @Clydro_22 @Chiefs

📺 #SBLV on CBS pic.twitter.com/GoqXas0n7c

Touchdown? NO! The Chiefs stop Jones on fourth-and-goal.

After narrowly missing on the Super Bowl dream — a lineman touchdown reception — the Bucs ram running back Ronald Jones II at the Chiefs on two straight runs at the goal line.

Kansas City stuffs the first and then, stunning the Tampa crowd, does the same on the next play. This could be a big early momentum shift.

The Bucs challenged the call, but the line was so jammed there wasn’t really a view to review, or reason to overturn the call on the field.

Touchdown! Tampa Bay comes right back with Fournette’s 27-yard touchdown run.

Well that was fast. The Bucs answer the field goal by going 74 yards in six plays — one of them a devastatingly easy Brady-to-Gronkowski completion right down the middle — and Leonard Fournette finishes it off with a 27-yard touchdown jaunt around right end.

Touchdown.

Just. Like. That.

PLAYOFF. LENNY. 🔥 @_fournette @Buccaneers

📺 #SBLV on CBS

(via @NFL)pic.twitter.com/1ZQRGdJYTF

WATCH: Buccaneers’ Leonard Fournette’s 27-yard touchdown run against Chiefs in Super Bowl LV – The Denver Post

New half, same results for the Buccaneers.

Running back Leonard Fournette had a 27-yard touchdown run in the third quarter against the Chiefs Sunday at Super Bowl LV.

The score gave Tampa Bay a 28-9 lead.

The fourth quarter begins: 15 minutes to Brady’s seventh title or an all-time comeback.

The Chiefs come out throwing in the fourth quarter and creep closer to the end zone. But after driving to the 11-yard line, a third-down play tells the story of their frustrating night: Mahomes winds up circling until he is chased back to the 30, and he ends up heaving a ball toward the end zone where it falls incomplete.

They will go for it on fourth down. They don’t have much of a choice.

Internet Initiative Japan 9-month Profit Climbs, Lifts FY20 View; Stock Up

Internet Initiative Japan Inc. or IIJ (IIJIY), an Internet-related network services provider, reported Monday that its nine-month profit attributable to owners of the parent grew 75.2 percent to 5.88 billion Japanese yen from last year’s 3.35 billion yen.

Operating profit climbed 67.1 percent year-over-year to 10.13 billion yen.

Total revenues increased 3.6 percent to 156.07 billion yen from 150.69 billion yen a year ago.

Looking ahead for fiscal year ending March 31, 2021, the company now projects attributable profit of 7.6 billion yen, up 89.7 percent from last year, operating profit of 13.5 billion yen, up 64.1 percent from last year, and revenues of 213 billion yen, up 4.2 percent from the prior year.

The company previously expected attributable profit of 6.1 billion yen, operating profit of 11.3 billion yen, and revenues of 212 billion yen.

Koichi Suzuki, Founder, Chairman and CEO of IIJ, said, “We revised our FY2020 financial target upward again by reflecting the favorable demand situation and strong performance, mainly led by the significant improvement in network services gross profit.”

In Japan, Internet Initiative shares were trading at 2,286 yen, up 2.4 percent.

Carl Zeiss Meditec Q1 Operating Profit Rises On Lower Costs – Quick Facts

Carl Zeiss Meditec (CZMWF.PK) reported that its first quarter earnings before interest and tax (EBIT) increased to 73.4 million euros from 56.8 million euros, prior year. Earnings per share was 0.52 euros compared to 0.43 euros. The company said low selling and marketing expenses contributed to the increase in operating profit.

First quarter revenue was 368.9 million euros, a decline of 0.2% (adjusted for currency effects: up 2.6%) from prior year period.

Carl Zeiss Meditec anticipates revenue and EBIT to continue to recover over the further course of fiscal year 2020/21.

Sika To Buy Russian Mortar Manufacturer Kreps; Terms Not Disclosed

Swiss specialty chemicals company Sika AG (SXYAY.PK,SKFOF.PK) Monday said it has agreed to acquire Kreps LLC, a mortar manufacturer in Russia. The financial terms of the deal were not disclosed.

The transaction is subject to clearance by the local anti-trust authorities.

Kreps offers a wide range of mortar products for interior and exterior finishing. The acquired business generates annual sales of 15 million Swiss francs. Kreps operates production plants in Saint Petersburg and Yekaterinburg, two geographical areas where Sika has not previously had its own mortar manufacturing.

The plants manufacture a wide range of mortars, mainly tile adhesives, plasters, and floor leveling compounds. The facilities also include a professional training center and well-equipped production laboratories.

Sika said the acquisition of Kreps gives it improved access to major home centers and builders’ merchants.

The company expects the combination of its technical know-how and direct sales approach with Krep’s developed distribution network and production base will enable it to expand the local supply chain and better penetrate the market.