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Wednesday, August 20, 2014

Infineon cash flow covering International Rectifier integration, (NYSE: IRF)

German chipmaker Infineon said its cash flow would cover the costs to integrate International Rectifier, the U.S. chipmaker it is buying. "We expect that the free cash flow that comes with the transaction will immediately cover the restructuring costs. So it's not like we will go through a black hole of cash drain," finance chief Dominik Asam told journalists during a conference call on Wednesday.

International Rectifier Corporation (IR) designs, manufactures and markets power management semiconductors. Shares of IRF traded higher by 47.25% or $12.55/share to $39.11. In the past year, the shares have traded as low as $22.78 and as high as $28.99. On average, 442451 shares of IRF exchange hands on a given day and today's volume is recorded at 17586580.