International Rectifier Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Infineon Technologies AG
August 21, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of International Rectifier Corporation (“International Rectifier” or the “Company”) (NYSE: IRF) breached its fiduciary duty to its shareholders in agreeing to sell International Rectifier to Infineon Technologies AG.
Under the terms of the agreement, International Rectifier shareholders will receive $40.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to International Rectifier shareholders and the process by which the International Rectifier Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an International Rectifier stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.