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Jan. 29, 2018, 4:19 p.m. EST

Renesas in talks to acquire Maxim Integrated for close to $20 billion: report

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By Max A. Cherney

Japan-based Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 -1.53% is in discussions to buy Maxim Integrated Products Inc. /zigman2/quotes/201861354/composite MXIM -1.15% for what could be near $20 billion, CNBC reported late Monday. Maxim stock rose 12.6% to $66.43 during the regular session and was up nearly 1% to $67 after hours. Citing anonymous sources CNBC reported the talks aren't close to completion and a deal may not fall into place. Investors value Maxim at $16.61 billion by market capitalization. Maxim stock is up 62% this year, as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.18% has gained 25%.

/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 771.00
-12.00 -1.53%
Volume: 6.28M
Feb. 17, 2020 3:00p
P/E Ratio
604.14
Dividend Yield
N/A
Market Cap
¥1339.15 billion
Rev. per Employee
¥36.92M
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/zigman2/quotes/201861354/composite
US : U.S.: Nasdaq
$ 63.56
-0.74 -1.15%
Volume: 1.30M
Feb. 14, 2020 4:00p
P/E Ratio
22.30
Dividend Yield
3.02%
Market Cap
$17.12 billion
Rev. per Employee
$349,295
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.16
+6.22 +0.18%
Volume: 1.67B
Feb. 14, 2020 5:06p
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