Maxim Integrated Products Inc. (MXIM)

[cjstocksup]

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

4:18 PM ET 1/29/18 | MarketWatch
Renesas in talks to acquire Maxim Integrated for close to $20 billion: report Japan-based Renesas Electronics Corp. is in discussions to buy Maxim Integrated Products Inc. (MXIM) for what could be near $20 billion, CNBC reported (https://www.cnbc.com/2018/01/29/renesas-electronics-could-acquire-maxim-integrated-in-20b-chip-deal.html) 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 has gained 25%.

-Max A. Cherney; 415-439-6400; [e-mail]

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January 29, 2018 16:18 ET (21:18 GMT)

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