Vishay Intertechnology, which is trying to buy El Segundo-based International Rectifier in a hostile bid, issued the following statement Monday about possibly raisiing its $23 a share offer.
"... if International Rectifier can, through good faith negotiations, demonstrate to Vishay that a further price increase is justified, Vishay would be willing to improve its offer. In this regard, Vishay would seek to obtain substantiation of International Rectifier's new business plan, particularly the $60 million reduction in cost of goods sold within two years and the projected substantial increase in revenues and gross margin."
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