An investigation on behalf of investors of International Rectifier Corporation (NYSE:IRF) in connection with the proposed takeover was announced and NYSE:IRF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/25/2014 -- An investigation on behalf of investors, who currently hold shares of International Rectifier Corporation (NYSE:IRF), was announced concerning whether the takeover of International Rectifier Corporation by Infineon Technologies is unfair to NYSE:IRF stockholders.
Investors who purchased shares of International Rectifier Corporation (NYSE:IRF) and currently hold any of those NYSE:IRF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of International Rectifier Corporation breached their fiduciary duties owed to NYSE:IRF investors in connection with the proposed acquisition.
On August 20, 2014, Infineon Technologies AG(FSE: IFX / OTCQX: IFNNY) and International Rectifier Corporation (NYSE: IRF) announced that they have signed an agreement under which Infineon Technologies will acquire International Rectifier for US-Dollar 40 per share in an all-cash transaction valued at approximately US-Dollar 3 billion.
However, the investigation concerns whether the offer is unfair to NYSE:IRF stockholders. More specifically, the investigation concerns whether the International Rectifier Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of International Rectifier Corporation grew from $14.74 per share in November 2012 to as high as $28.72 per share in June 2014.
On August 21, 2014, NYSE:IRF shares closed at $39.12 per share.
Those who are current investors in International Rectifier Corporation (NYSE:IRF) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com