Infineon To Buy International Rectifier - Presented by: The Aol. On Network

German chip maker Infineon Technologies said it agreed to buy International Rectifier for about $3 billion in cash, a deal that would broaden Infineon's semiconductor product offerings and regional presence. The offer values International Rectifier at $40 a share, a 51% premium to Tuesday's close. Shares of International Rectifier surged in response to the offer and approached the bid price.



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As of 9/19/2014, 04:15 PM
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