Press Release

Kirkland & Ellis Represents Infineon Technologies AG in Acquisition of International Rectifier for $3.0 Billion

Kirkland & Ellis LLP represents Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), which announced today it has signed a definitive agreement with International Rectifier Corporation (NYSE: IRF), under which Infineon will acquire International Rectifier for US$40 per share in an all-cash transaction valued at approximately US$3.0 billion. The closing of the transaction is subject to regulatory approvals in various jurisdictions and customary closing conditions, as well as approval of International Rectifier stockholders. The transaction is expected to close late in the calendar year 2014 or early in the calendar year 2015 subject to regulatory approval.

The Kirkland team includes corporate partners David Fox, Sarkis Jebejian and David Feirstein, and associates John Kupiec and Clément Smadja. In-house counsel for Infineon includes Michael Eickstedt, general counsel, Dr. Horst Meyer, vice president - corporate legal counsel, and Roman Wingert, corporate legal counsel. This is Kirkland’s first M&A representation for Infineon.

To read more about this transaction, please click here.