International Rectifier Corporation (NYSE:IRF) announced today that it
expects closing of its pending merger with Infineon Technologies AG to
occur on January 13, 2015. All necessary regulatory approvals for the
transaction have been obtained.
The transaction remains subject to the satisfaction or waiver of other
customary closing conditions contained in the merger agreement, and
there is no assurance that the closing will occur on January 13, 2015.
About International Rectifier
International Rectifier Corporation (NYSE:IRF) is a world leader in
power management technology. The Company’s analog, digital, and mixed
signal ICs, and other advanced power management products, enable high
performance computing and save energy in a wide variety of business and
consumer applications. Leading manufacturers of computers, energy
efficient appliances, lighting, automobiles, satellites, aircraft, and
defense systems rely on the Company’s power management solutions to
power their next generation products. For more information, go to www.irf.com.
Forward-Looking Statements
This document includes statements that constitute “forward-looking
statements,” which may be identified by words such as ‘expect,’ and
similar expressions. These statements are subject to risks and
uncertainties concerning Infineon’s proposed acquisition of
International Rectifier and actual results and events could differ
materially from what presently is expected. The potential risks and
uncertainties include the possibility that the transaction will not
close or that the closing may be delayed; the possibility that the
conditions to the closing of the transaction may not be satisfied; the
occurrence of any event, change or other circumstances that could give
rise to the termination of the merger agreement; and specific risk
factors discussed in other releases and public filings made by
International Rectifier (including its filings with the Securities and
Exchange Commission (“SEC”)). This list of factors is not intended to be
exhaustive. Such forward-looking statements only speak as of the date of
this press release, and we assume no obligation to update any written or
oral forward-looking statement made by us or on our behalf as a result
of new information, future events, or other factors.
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