Vishay adjusts conversion price on 2.25% convertibles due 2025

By William Gullotti

Buffalo, N.Y., June 17 – 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 $31.34, equivalent to a conversion rate of 31.9104 shares per $1,000 principal amount.

The adjustments take effect on June 17, 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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