Renesas Electronics (RNECY) is working with bankers at JPMorgan to explore the potential sale of its timing division in a deal that could value the business at close to $2B, Reuters’ Milana Vinn reports. According to people familiar with the matter, Texas Instruments (TXN) and Infineon (IFNNY) are among the potential buyers of the unit.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN: