Infineon To Buy International Rectifier
German chip maker Infineon Technologies said it agreed to buy International Rectifier for about $3 billion in cash, a deal that would broaden Infineon’s semiconductor product offerings and regional presence. The offer values International Rectifier at $40 a share, a 51% premium to Tuesday’s close. Shares of International Rectifier surged in response to the offer and approached the bid price.
“Infineon To Buy International Rectifier” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.