×

International Rectifier Corporation (IRF) Investor Lawsuit to Stop Takeover Announced by Shareholders Foundation

SAN DIEGO, Sept. 2, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an investor, who currently holds International Rectifier Corporation (IRF) shares, filed a lawsuit in effort to halt the proposed takeover of International Rectifier Corporation by Infineon Technologies AG for $40.00 per share.

Investors, who purchased shares of International Rectifier Corporation (IRF) prior to August 20, 2014 and currently hold any of those IRF shares, have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

On August 20, 2014, Infineon Technologies AG and International Rectifier Corporation announced that they have signed an agreement under which Infineon Technologies will acquire International Rectifier for US-Dollar 40 per share in an all-cash transaction valued at approximately US-Dollar 3 billion.

However, the plaintiff claims that the takeover undervalues International Rectifier Corporation and that the process is unfair to IRF investors.

Those who currently are investors in International Rectifier Corporation (IRF) shares and purchased any of those IRF shares prior to the announcement have certain options and should contact the Shareholders Foundation.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108

Source:Shareholders Foundation, Inc.