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Vishay adjusts conversion prices on 2025, 2040, 2041 convertibles
By Sarah Lizee
Olympia, Wash., March 11 – Vishay Intertechnology, Inc. has adjusted the conversion prices on three series of convertible debentures to reflect its latest quarterly cash dividend, according to an 8-K filing with the Securities and Exchange Commission.
The conversion price for its 2.25% convertible senior notes due 2025 is now $31.42, equivalent to a conversion rate of 31.8278 shares per $1,000 principal amount.
The conversion price for its 2.25% convertible senior debentures due 2040 is now $12.43, equivalent to a conversion rate of 80.4668 shares per $1,000 principal amount of debentures.
The conversion price for its 2.25% convertible senior debentures due 2041 is now $17.03, corresponding to a conversion rate of 58.7205 shares per $1,000 principal amount.
The adjustments take effect on March 11, the ex-dividend date.
Vishay is a Malvern, Pa.-based semiconductor manufacturer.
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