Deals
Renesas Jumps Most in 7 Months on Nidec Interest in Acquisition
- Nidec CEO says hasn’t taken any action on Renesas yet
- Renesas among companies Nidec says it wants to buy in future
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Renesas Electronics Corp. surged the most in almost seven months after Nidec Corp.’s chief executive officer expressed interest in acquiring the maker of electronic components.
Shares of Renesas jumped as much as 11 percent, the biggest intraday gain since Nov. 20. They traded at 613 yen, up 4.8 percent, as of 1:59 p.m. in Tokyo. The Nikkei 225 Stock Average climbed 1.1 percent.