Renesas acquired Altium through an Australian law-mandated Scheme of Arrangement (the "Scheme"). Renesas Electronics NSW Pty Ltd, an indirect wholly owned subsidiary of Renesas, purchased all of the outstanding shares of Altium under the terms of the Scheme for A$68.50 in cash per share, for a total equity value of roughly A$9.1 billion (or 887.9 billion yen, assuming a 97 yen exchange rate to the Australian dollar).