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.
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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