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German chipmaker Infineon Technologies says that it’s agreed to acquire International Rectifier (IRF) for $3 billion in cash as mergers and acquisitions continue in the semiconductor industry. The deal is expected to close in late 2014 or early 2015, the companies said. Infineon says that it will pay $40 per share for El Segundo, Calif.-based International Rectifier, a more than 50% premium to the stock’s closing price on Tuesday. Shares of Scalper1 News
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