INTERNATIONAL RECTIFIER ALERT: Proposed Sale of International Rectifier Corporation Being Investigated by Johnson & Weaver, LLP
SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of International Rectifier Corporation (NYSE: IRF) breached their fiduciary duties in connection with the proposed $2.4 billion sale of the Company to German chipmaker Infineon.
If you are an International Rectifier shareholder and would like additional information concerning your legal rights, please contact Johnson & Weaver’s lead analyst Jim Baker at email@example.com or 619-814-4471.
International Rectifier designs, manufactures, and markets power management semiconductors worldwide.
On August 20, 2014, International Rectifier and Infineon entered into an agreement whereby Infineon will acquire International Rectifier in a $2.4 billion transaction. Under the terms of the agreement, International Rectifier shareholders will receive $40.00 per share in cash. The acquisition is expected to be completed by year end, although shareholders will likely be asked to vote on the transaction well before then.
Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed $40.00 per share deal price represents adequate consideration, especially given the Company’s recent success and promise of future growth.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California , New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.