Renesas denies talks to buy Maxim

Earlier today, Renesas denied a  report by CNBC yesterday that  is in talks to buy Maxim. Maxim shares had spiked 12% on the news of talks. Renesas and Maxim both have a market cap of around  $18 billion.  Renesas has about $1 billion cash and $1.6 billion debt. There is now speculation that the two ...

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