By Alexander Hübner FRANKFURT (Reuters) - Merger-shy German chipmaker Infineon has agreed to buy Silicon Valley-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition. The deal has been approved by International Rectifier's board and is expected to close late in 2014 or early in 2015, subject to regulatory approvals, Infineon said. Shares of International Rectifier rose to $39.15 following the news, a gain of $12.59 or 47 percent on the day on the New York Stock Exchange. Infineon shares had closed down 1.38 percent ahead of the announcement.
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