Why Intersil Corp. Stock Surged Today

Image source: Intersil.Shares of integrated-circuit developer Intersil Corp. (NASDAQ: ISIL) jumped on Wednesday, following a report from Reuters claiming that the company planned to announce a sale to Renesas Electronics (NASDAQOTH: RNECY) as soon as next week. The stock was up as much as 10.6% earlier in the day, settling to an 8% gain by 3:30 p.m.

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