Vishay adjusts conversion rates for three series of convertibles

By Toni Weeks

San Luis Obispo, Calif., Nov. 25 – Vishay Intertechnology, Inc. announced adjustments to the conversion rates of its convertible senior debentures resulting from its quarterly cash dividend program, according to an 8-K filing with the Securities and Exchange Commission.

Effective as of Nov. 24, the ex-dividend date,

• The conversion rate for the company’s 2.25% convertible senior debentures due 2040 is 73.2147 shares per $1,000 principal amount, or an effective conversion price of $13.66 per share;

• The conversion rate for the company’s 2.25% convertible senior debentures due 2041 is 53.4282 shares per $1,000 principal amount, or an effective conversion price of $18.72 per share; and

• The conversion rate for the company’s 2.25% convertible senior debentures due 2042 is 86.0829 shares per $1,000 principal amount, or an effective conversion price of $11.62 per share.

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

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