Vishay adjusts conversion prices on debentures after paying dividend

New York, March 14 – Vishay Intertechnology, Inc. announced that it has adjusted the conversion price on its three series of convertible debentures to reflect the latest quarterly cash dividend on its common stock.

The conversion price for its 2.25% convertible senior debentures due 2040 is now $13.31, or a conversion rate of 75.1038, for its 2.25% convertible senior debentures due 2041 the price is now $18.25, or a conversion rate of 54.8068, and for its 2.25% convertible senior debentures due 2042 the price is now $11.32, or a conversion rate of 88.3041, according to an 8-K filing with the Securities and Exchange Commission.

The change was effective on March 9, the ex-dividend date for the common stock.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.