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Jan. 29, 2018, 8:00 p.m. EST

Japanese chip maker Renesas denies bid to acquire Maxim

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By Max A. Cherney

Chip maker Maxim Integrated Products Inc. /zigman2/quotes/201861354/composite MXIM +3.80% fell in the extended session Monday after Japan-based Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +2.53% denied that is in discussions to buy Maxim for close to $20 billion. Maxim stock closed up 12.3% in the regular session, but fell 8.3% after hours to $60.75, following Renesas' denial . Earlier Monday, CNBC reported that Renesas was in talks with Maxim. Maxim stock is up 62% this year, as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.61% has gained 25%.

/zigman2/quotes/201861354/composite
US : U.S.: Nasdaq
$ 68.02
+2.49 +3.80%
Volume: 2.46M
Sept. 28, 2020 4:00p
P/E Ratio
28.22
Dividend Yield
0.00%
Market Cap
$17.49 billion
Rev. per Employee
$349,295
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/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 770.00
+19.00 +2.53%
Volume: 6.41M
Sept. 28, 2020 3:00p
P/E Ratio
47.02
Dividend Yield
N/A
Market Cap
¥1293.36 billion
Rev. per Employee
¥36.92M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.60
+53.14 +1.61%
Volume: 2.22B
Sept. 28, 2020 5:06p
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