Vishay slate at Rectifier rejected
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.
