Vishay adjusts conversion prices on 2025, 2040, 2041 convertibles

By Taylor Fox

New York, Sept. 10 – Vishay Intertechnology, Inc. has adjusted the conversion rates and conversion prices on three series of convertible debentures, according to an 8-K filing with the Securities and Exchange Commission.

The conversion price for its 2.25% convertible senior notes due 2025 is now $31.38, equivalent to a conversion rate of 31.8674 shares per $1,000 principal amount.

The conversion price for its 2.25% convertible senior debentures due 2040 is now $12.28, equivalent to a conversion rate of 80.42 shares per $1,000 principal amount of debentures.

The conversion price for its 2.25% convertible senior debentures due 2041 is now $16.83, corresponding to a conversion rate of 59.4161 shares per $1,000 principal amount.

The adjustments take effect on Sept. 10, the ex-dividend date, and result from the payment of a quarterly cash dividend to stockholders.

Vishay is a Malvern, Pa.-based semiconductor manufacturer.

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