Infineon Technologies to Buy International Rectifier for 40 per Share - Infineon Technologies (OTC:IFNNY)

27% profit every 20 days?

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Shares of International Rectifier (NYSE: IRF), which were trading higher on rumors of a potential deal, have been halted following the announcement of acquisition by Infineon Technologies (OTC: IFNNY). The all-cash deal is for roughly 40 per share, or nearly 3 billion in total. The 40 price is nearly double yesterday' closing price of IRF.The Board's of both companies have approved the transaction. The closing of the transaction is subject to regulatory approval and approval of International Rectifier shareholders. The expected closing date is late 2014 or early 2015, depending on regulatory approval.Shares of IRF are presently halted, last trading at 28.22.

27% profit every 20 days?

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