Media Advisory: Infineon Technologies AG and International Rectifier to Host U.S. Media Call at 2 pm PT / 5 pm ET Today
MUNICH & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Infineon Technologies AG (FSE:IFX/OTCQX:IFNNY) and International Rectifier Corporation (NYSE: IRF) will hold a media call for U.S. reporters at 2 pm PT / 5 pm ET today to discuss their strategic combination.
Dr. Reinhard Ploss, CEO of Infineon Technologies, and Oleg Khaykin, President and CEO of International Rectifier, will participate in the call and be available for questions.
Journalists may join the call by dialing +1 706-679-3195. In order to join this conference call, participants will be required to provide the conference identification number: 90889312.
Earlier today, the two companies announced that they have signed a definitive agreement under which Infineon will acquire International Rectifier for US-Dollar 40 per share in an all-cash transaction valued at approximately US-Dollar 3 billion. The acquisition combines two semiconductor companies with leadership positions in power management technology.
About International Rectifier
International Rectifier Corporation (NYSE: IRF) is a world leader in power management technology. IR’s analog, digital, and mixed signal ICs, and other advanced power management products, enable high performance computing and save energy in a wide variety of business and consumer applications. Leading manufacturers of computers, energy efficient appliances, lighting, automobiles, satellites, aircraft, and defense systems rely on IR’s power management solutions to power their next generation products. For more information go to www.irf.com.
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2013 fiscal year (ending September 30), the company reported sales of Euro 3.84 billion with close to 26,700 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).