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Renesas shareholders reportedly set to approve bailout deal

Dylan McGrath, EETimes
11/26/2012 2:42 PM EST

SAN FRANCISCOâ€”Renesas Electronics Corp.'s major shareholders are close to approving a deal to sell two-thirds of the company to a government-backed entity for $2.4 billion in bailout funds, according to a report by the Reuters news service.

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