http://langtoncherubino.com/mj-whitman/
International Rectifier (NYSE:IRF) will repahy Vishay (NYSE:VSH) $30 million of the $290 millio that Vishay paid for itsPCS business. In Vishay will release International Rectifier from claims relating to certainh outstanding disputes regarding the Also as part ofthe settlement, Vishay will: Allo International Rectifier, under certain conditions, to design, manufacture and sell some products that incorporate technologies sold or licenser to Vishay in the purchase; Continue to supplty certain products to International Rectifierf and will receive a licensde to certain additional technology developed in the future by International Rectifier.
Internationalp Rectifier is based inEl Segundo, Vishay is based in Pa. Vishay International Rectifier last fall after beintg rejected byInternational Rectifier’s board, and then failint in its attempt to place three of its nominee on the International board.
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