Vishay may up offer for IR

While maintaining that its $23 per share offer is "fair" based on International Rectifier's stock price, Vishay says it would consider increasing its bid if IR, through good faith negotiations, demonstrates a price increase is justified. By Suzanne Deffree, Managing Editor, News -- Electronic News, 10/6/2008 Vishay Intertechnology Inc this morning announced that it is willing to considering increasing its $23 per share offer for International Rectifier Corp. The move is the latest back and forth action between the two companies, action that started with Vishay making a $1.6 billion unsolicited bid for IR in August. After IR rejected that bid, claiming it did not fully value the company or such an acquisition's possible manufacturing, operational, or revenue synergies with Vishay, Vishay upped the offer to $1.7 billion, or $23... [read full story]