Int'l Rectifier Gets Extension From NYSE
EL SEGUNDO, Calif. (AP) -- Power chip maker International Rectifier Corp. said Wednesday it has received a three-month extension from the New York Stock Exchange for continued listing and trading.
With the extension, International Rectifier has until June 17 to file its annual report for the fiscal year ended June 30, 2007, with the Securities and Exchange Commission.
If the company does not meet the deadline, the NYSE may grant a further extension for three more months.
International Rectifier said NYSE will reassess the agreement on an ongoing basis.
The company has been conducting an internal investigation into "unsubstantiated" sales that may have inflated the company's sales reports. The company's former chief executive, Alex Lidow, resigned in October after the probe began.
International Rectifier shares fell 17 cents to $21.01 in morning trading
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