[Reuters] Renesas shares jump after report $2.4 billion bailout approved

Posted by: UGN Security

[Reuters] Renesas shares jump after report $2.4 billion bailout approved - 11/26/12 05:33 AM

TOKYO (Reuters) - Shareholders of Japan's embattled Renesas Electronics Corp have approved a government-led bailout, the Nikkei newspaper said, sending the chipmaker's shares more than 6 percent higher on relief that the $2.4 billion rescue was being finalized.