Intersil Corp (ISIL) Nears Deal to Be Acquired by Japan's Renesas

August 22, 2016 7:55 AM EDT

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Intersil Corp (NASDAQ: ISIL) is gaining in pre-open trade Monday amid reports from Reuters, Japan's Renesas Electronics is nearing a deal to acquire the company for about $3 billion, citing an industry source.

A deal could be announced soon.

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