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Vishay adjusts conversion price on 2.25% convertibles due 2025
By Rebecca Melvin
New York, March 16 – Vishay Intertechnology, Inc. has adjusted the conversion rate and conversion price for its 2.25% convertible senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.
The conversion price is now $31.35, equivalent to a conversion rate of 31.8965 shares per $1,000 principal amount.
The adjustments take effect on March 16, 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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