Infineon Technologies AG News
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Infineon Technologies will buy California-based International Rectifier for about $3 billion in cash, in a move described as the German company's biggest acquisition ever.
Juan E. Monteverde , a partner at Faruqi & Faruqi, LLP , a leading national securities firm headquartered in New York City, is investigating the Board of Directors of International Rectifier Corp. for potential breaches of fiduciary duties in connection with the sale of the Company to Infineon Technologies AG for approximately $3 billion in cash.
The companies announced the purchase agreement on Wednesday. German chipmaker Infineon will pay $40 a share for El Segundo, Calif.-based International Rectifier, a 51% premium to its closing price on Tuesday.
IR has no outstanding public debt. The Positive Watch reflects Fitch's belief that IR's credit profile will meaningfully strengthen following the combination, likely resulting in an IDR of 'BBB' or higher for Infineon post transaction close.
The near field communication market is expected to reach $16.25 billion by the end of 2022 at a CAGR of 8.83%.
Several other analysts have also recently commented on the stock. Analysts at Bernstein upgraded shares of Infineon Technologies AG to an "outperform" rating in a research note on Thursday.
The Deal : Infineon Technologies and International Rectifier Corporation announced Wednesday that they have signed an agreement under which Infineon will acquire International Rectifier for $40 per share in cash.
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August 20, 2014 - Infineon Technologies AG and International Rectifier Corporation today 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.
German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based International Rectifier, which produces power-management components used in everything from cars to satellites.
Cook County Sheriff Tom Dart says the last four hostages have been released unharmed to end a standoff with two armed men in a southern Chicago suburb.
Welcome to the press conference call on the results of third quarter of fiscal 2014 of Infineon Technologies.
Infineon Technologies Corp. , formerly Siemens Microelectronics Inc. , introduced three new devices to its family of single-channel, low-side TEMPFET intelligent power switches with over-temperature protection.
Updated: Wed Aug 27, 2014 07:02 am
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