STEVENSON, Md., Sept. 3, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the California Superior Court, Los Angeles County, on behalf of all common stockholders of International Rectifier Corp. ("IRF" or the "Company") (NYSE:IRF) relating to the proposed buyout of the Company by Infineon Technologies AG ("Infineon").
On August 20, 2014, IRF and Infineon Technologies AG ("Infineon") announced that they had signed a definitive agreement under which Infineon will acquire IRF in a transaction valued at approximately $3 billion. Under the terms of the transaction, shareholders will receive $40 in cash for each share of IRF owned. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of IRF shareholders.
If you currently own common stock of IRF and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
