Notable Mergers and Acquisitions of the Day 8/15: VSH/IRF, RSG/WMI
More News related to AW
- Allied Waste Industries, Inc. Announces Consent Solicitation for Amendments to AWNA Indenture
- Standard & Poor's Announces Changes to U.S. Indices
- Republic Services and Allied Waste Name Senior Executive Team for Combined Company
- Republic Services and Allied Waste Stockholders Approve Merger
- All Three Leading Independent Proxy Advisors Recommend Stockholders Vote "For" the Merger of Republic Services and Allied Waste
More News related to IRF
- International Rectifier to Present at Upcoming Investment Conferences
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- IR's Control ICs for Energy-Efficient Fluorescent Ballasts Slash Component Count; Increase Reliability and Performance
- International Rectifier (IRF) Reports In-Line Q1 Loss of $0.06
- International Rectifier Announces First Fiscal Quarter Results
More News related to RSG
- Standard & Poor's Announces Changes to U.S. Indices
- Republic Services and Allied Waste Name Senior Executive Team for Combined Company
- Republic Services and Allied Waste Stockholders Approve Merger
- Gabelli & Company to Host Inaugural Best Ideas Conference
- All Three Leading Independent Proxy Advisors Recommend Stockholders Vote "For" the Merger of Republic Services and Allied Waste
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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.
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