Pharma Investments, Ventures & Law Weekly
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International Rectifier Corporation
International Rectifier Questions Vishay's Hypothetical Increase on Illusionary Offer
October 26th, 2008
International Rectifier Corporation (NYSE:IRF) today responded to the suggestion by Vishay Intertechnology, Inc. that it "would be willing to improve its offer" above $23.00 per share. Richard J. Dahl, Chairman of the Board of International Rectifier said: "Our shareholders should not believe Vishay's latest ploy. With neither cash on hand nor committed financing, we do not believe that Vishay is in a position to provide 'immediate value' as it has suggested. A hypothetical increase to an already hypothetical, highly conditional offer should be viewed as yet another attempt to distract shareholders from the serious risks of accepting Vishay's nominees and bylaw...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-26)
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