08/19/2008 (9:33 am)
International Rectifier gets $1.6B buyout offer
Chip maker Vishay Intertechnology says it offered to buy power management chip maker International Rectifier Corp. for $1.6 billion in cash.
Malvern, Pa.-based Vishay Intertechnology Inc (VSH). says the offer would be for $21.22 per share, which is about a 13% premium over International Rectifier’s (IRF) Thursday closing price of $18.82 check cash advance.
International Rectifier is based El Segundo, Calif.
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