Vishay adjusts conversion price on 2.25% convertibles due 2025

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – 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 lower at $31.30 versus $31.32, equivalent to a refreshed conversion rate of 31.9492 instead of 31.9258 shares per $1,000 principal amount.

The adjustments take effect on Dec. 6, the ex-dividend date, and results from the payment of a quarterly cash dividend to stockholders.

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

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