Vishay Intertechnology adjusts conversion prices of 2.25% convertibles

By Angela McDaniels

Tacoma, Wash., June 9 – Vishay Intertechnology, Inc. adjusted the conversion rates and conversion prices of its 2.25% convertible senior debentures due 2040, 2.25% convertible senior debentures due 2041 and the 2.25% convertible senior debentures due 2042, according to an 8-K filing with the Securities and Exchange Commission.

The adjustments are due to the company’s quarterly cash dividend program.

Effective June 9 (the ex-dividend date), the effective conversion price will change to $13.54 for the convertibles due 2040, $18.55 for the convertibles due 2041 and $11.51 for the convertibles due 2042.

The company’s stock closed at $12.32 (NYSE: VSH) on Tuesday.

The conversion rate will change to 73.8821 shares per $1,000 principal amount of convertibles due 2040, 53.9153 shares for the convertibles due 2041 and 86.8677 shares for the convertibles due 2042.

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

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