NAR: Maxim still on Renesas acquisition shortlist

|About: Maxim Integrated Products, ... (MXIM)|By:, SA News Editor

Maxim Integrated Products (NASDAQ:MXIM) shares move up 2.2% on a Nikkei Asian Review report that the company remains on “a shortlist of potential buyout targets” for chipmaker Renesas (OTCPK:RNECY).

Last month, Maxim shares spiked after CNBC reported talks for a potential $20B acquisition. 

Renesas dismissed the reports at the time. 

NAR says Maxim remains on the list but that the plan “entails some risks” as too high a price would force Renesas to book a "considerable amount" of goodwill that could dent operating profit.  

Previously: Maxim Integrated +12.3% on acquisition target news (Jan. 29)

Previously: Renesas dismisses report on talks to buy Maxim (Jan. 30)

Subscribe for full text news in your inbox