INTERNATIONAL RECTIFIER INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of International Rectifier (IRF) Over the Proposed Sale of the Company to Infineon Technologies AG (IFX)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of International Rectifier Corp. (“IRF” or the “Company”) (NYSE: IRF) for potential breaches of fiduciary duties in connection with the sale of the Company to Infineon Technologies AG (“Infineon”) for approximately $3 billion in cash. The Company’s stockholders will only receive $40 for each share of IRF common stock they own.
The investigation focuses on whether IRF’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of IRF’s shareholders.
If you own common stock in IRF and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.