|[August 22, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of International Rectifier Corp. In Connection With The Proposed Sale Of The Company To Infineon Technologies AG
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of International Rectifier Corp. (News - Alert) ("IRF" or the "Company")
(NYSE: IRF) relating to the proposed buyout of the Company by Infineon
Technologies AG ("Infineon").
On August 20, 2014, IRF and Infineon announced that they had signed a
definitive agreement under which Infineon will acquire IRF in a
transaction valued at approximately $3 billion. Under the terms of the
transaction, IRF shareholders will receive $40 in cash for each share of
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Infineon is underpaying for IRF shares.
If you currently own common stock of IRF and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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