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Friday, August 29, 2008
  CEO Richard Dahl of digital-power tech maker International Rectifier, El Segundo, Calif., tells Vishay founder Felix Zandman and CEO Gerald Paul that Vishay's $1.6 billion, $21.22/share takeover offer "is inadequate, opportunistic and not in the best interests" of shareholders. Release and Dahl letter here.
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com