Finance / United States
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Vishay Offers US$1.6bn For IRF
August 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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There was yet more activity in the electronics industry on August 15, when market-leader Vishay Intertechnology made a US$1.6bn cash offer for US technology firm International Rectifier (IRF). At US$21.22 per share, the offer represents a 13% premium on the firm's August 14 closing price of US$18.82, and a 20% premium on its 30-day moving average of US$17.69. Vishay is one of the world's largest manufacturers of discrete semi-conductors, a key part of almost all electronic devices and equipment. It has clients in, among others, the industrial, computing, automotive and telecoms sectors, and already has a proven track record of