Rohm shares surged 18%, the most in 26 years, after the Japanese chip parts maker said it had received an acquisition proposal from Denso.
Rohm’s stock rose to its upper daily limit of ¥3,243 at market close in Tokyo, while Denso fell 3.3%.
Rohm has received a share acquisition bid from auto parts supplier Denso but has not made any specific decisions, the company said in a Friday afternoon statement, responding to a Nikkei newspaper report.
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