Koichi Kamoshida/Getty Images Japanese chip companyRenesas Electronics is in talks to acquire U.S. chipmakerMaxim IntegratedProducts in a deal that could be valued up to $20 billion, CNBC reported on Monday. A deal is not imminent and one may not happen, CNBC said. Neither company was immediately available for comment when contacted by Reuters. Maxim's shares ended 12.3 percent higher at $66.27 on the Nasdaq on Monday following the report.
Japan's Renesas is in talks to buy U.S. chipmaker Maxim for $20 billion
Business Insider - 30 Jan 2018 04:52
Koichi Kamoshida/Getty Images Japanese chip companyRenesas Electronics is in talks to acquire U.S. chipmakerMaxim IntegratedProducts in a deal that could be valued up to $20 billion, CNBC reported on Monday. A deal is not imminent and one may not happen, CNBC said. Neither company was immediately available for comment when contacted by Reuters. Maxim's shares ended 12.3 percent higher at $66.27 on the Nasdaq on Monday following the report.
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