Notable Mergers and Acquisitions of the Day 8/15: VSH/IRF, RSG/WMI

August 15, 2008 10:18 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Vishay Intertechnology, Inc. (NYSE: VSH) made a non-binding proposal to the International Rectifier Corporation (NYSE: IRF) Board of Directors to acquire all the outstanding shares of International Rectifier common stock for $21.22 per share in cash, or total payment of approximately $1.6 billion.
  
  This offer represents an approximately 13% premium over the closing price of International Rectifier common stock of $18.82 on August 14, 2008, and a 20% premium over its 30 day moving average of $17.69.
  
  
• Republic Services, Inc. (NYSE: RSG) said its Board of Directors unanimously determined that the Waste Management, Inc. (NYSE: WMI) revised proposal announced on August 11 continues to undervalue the company. As a result, the Board believes that the revised proposal does not constitute, and could not reasonably be expected to lead to, a transaction that is more favorable to Republic stockholders than the merger currently contemplated between Republic and Allied Waste Industries, Inc. (NYSE: AW).
  
  On August 11th, Waste Management improved its all-cash takeover proposal for Republic Services to $37 per share. This was up from the prior offer of $34 per share.

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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