Corel CEO Michael Cowpland on Tuesday denied rumours that his company was in acquisition talks with Linux software provider Red Hat.
Both stocks soared Monday on a rumour that Red Hat would buy Corel, which provides office productivity software.
During an interview on CNBC Tuesday, Cowpland denied there were talks between the companies on a deal.
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Google will require vaccines as workers return to the office
The tech giant is also extending its voluntary work-from-home policy through late October, as the Delta variant of the Covid-19 virus spreads.
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