Vishay adjusts conversion price on 2.25% convertibles due 2025

By Marisa Wong

Los Angeles, Sept. 8 – 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 $31.22, equivalent to an updated conversion rate of 32.0259 shares per $1,000 principal amount.

The adjustments, due to a quarterly cash dividend, are effective Sept. 8, the ex-dividend date.

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

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