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BUSINESS
June 16, 2001 | Bloomberg News
General Semiconductor Inc., a takeover target of Vishay Intertechnology Inc., said demand for its power management components continues to be weak and second-quarter sales will be lower than in the first. Sales are expected to fall as much as 17% this quarter, from $102 million in its first quarter, spokesman Jonas Leddington said. The Melville, N.Y.-based company had forecast sales to be unchanged to slightly lower. Profit is expected to be 1 cent to 3 cents a share.
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BUSINESS
June 16, 2001 | Bloomberg News
General Semiconductor Inc., a takeover target of Vishay Intertechnology Inc., said demand for its power management components continues to be weak and second-quarter sales will be lower than in the first. Sales are expected to fall as much as 17% this quarter, from $102 million in its first quarter, spokesman Jonas Leddington said. The Melville, N.Y.-based company had forecast sales to be unchanged to slightly lower. Profit is expected to be 1 cent to 3 cents a share.
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BUSINESS
October 11, 2008 | From Times Wire Services
International Rectifier Corp. said shareholders rejected a slate of directors proposed by spurned suitor Vishay Intertechnology Inc. Investors at International Rectifier's annual meeting elected three incumbents to the board, the El Segundo-based company said, citing preliminary results. International Rectifier has rejected two unsolicited bids by Vishay since August, the latest for $23 a share, or $1.7 billion. Vishay is based in Malvern, Pa.
BUSINESS
October 7, 2008 | From Times Wire Services
Vishay Intertechnology Inc., a maker of electronic components for automobiles, said it was willing to increase its $23-a-share bid for International Rectifier Corp., which makes power-management chips, if the El Segundo company could show that its turnaround plan would justify a higher price. Malvern, Pa.-based Vishay has asked Rectifier's investors to elect three Vishay nominees to the board of directors Friday and said it might withdraw the bid if they weren't approved. Rectifier called Vishay's bid "ill-advised, speculative and highly conditional."
BUSINESS
September 17, 2008 | From Times Wire Services
Vishay Intertechnology Inc., a maker of electronic components for automobiles, said it planned to buy $1.7 billion in International Rectifier Corp. stock from shareholders after the El Segundo company rejected its sweetened bid. Vishay said it would go directly to stockholders with its $23-a-share tender offer after International Rectifier rebuffed the Malvern, Pa., company for a second time. International Rectifier turned down Vishay's first offer of $21.22, or $1.6 billion, last month, and said the latest offer "significantly undervalues" the company.
BUSINESS
November 2, 2006
* Semiconductor maker International Rectifier Corp. of El Segundo said it would sell its power control systems business to Vishay Intertechnology Inc. for about $290 million. The company said it was jettisoning the unit to focus on high-performance semiconductors and other advanced power-management products. * GlaxoSmithKline agreed to pay $63.
BUSINESS
December 17, 1997
Bass said it will sell most of its franchised pubs to Bankers Trust New York Corp. unit BT Capital Partners Europe for $921 million in cash to focus on its more profitable company-managed pubs. . . . Honda Motor Co. sued to block the $82.5-million sale of Denver Broncos quarterback John Elway's auto dealerships to Republic Industries Inc. The suit is one of several Honda has filed against Fort Lauderdale, Fla.-based Republic, which was not immediately available for comment. . . .
BUSINESS
December 18, 1990
SFE Technologies, a San Fernando electronics company, said it has signed an agreement to sell most of the assets of its West-Cap Arizona subsidiary to Dale Electronics Inc., based in Columbus, Neb. SFE and Dale have set Dec. 31 as the expected closing date for the sale, said SFE Chairman William Kuehn. The agreement concludes negotiations that began in mid-November, he said. The proposed purchase price was not disclosed. Dale is a subsidiary of Vishay Intertechnology Inc., based in Malvern, Pa.
BUSINESS
August 16, 2008 | Conor L. Sanchez, Times Staff Writer
Last year, Vishay Intertechnology Inc. bought a key unit of El Segundo's International Rectifier Corp. Now it wants the whole company. Vishay offered $1.6 billion Friday for International Rectifier, whose semiconductors help machines use less power and can be found in Sony's PlayStation 3 video game console. The deal values International Rectifier at $21.22 a share, 13% higher than Thursday's closing price of $18.82.
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