Transphorm Inc (NASDAQ:TGAN) shares are zooming by around 30% after it disclosed its acquisition by Renesas Electronics Corp (OTC:RNECF) for about $339 million. As per the deal, Renesas will acquire TGAN for $5.10 per share in cash, reflecting a premium of around 35% to its closing price on January 10, 2024, a premium of approximately 56% to the volume-weighted average price over the last twelve months and a premium of roughly 78% to the volume weighted average price in the previous six months. TGAN’s board of directors has unanimously approved the acquisition deal concerning the transaction a…