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Vishay adjusts conversion rates for three series of convertibles
By Marisa Wong
Madison, Wis., March 13 – Vishay Intertechnology, Inc. announced adjustments to the conversion rates of its convertible senior debentures resulting from its quarterly cash dividend program, according to an 8-K filing with the Securities and Exchange Commission.
Effective as of March 10, the ex-dividend date,
• The conversion rate for the company’s 2.25% convertible senior debentures due 2040 is 73.5289 shares per $1,000 principal amount, or an effective conversion price of $13.60 per share;
• The conversion rate for the company’s 2.25% convertible senior debentures due 2041 is 53.6575 shares per $1,000 principal amount, or an effective conversion price of $18.64 per share; and
• The conversion rate for the company’s 2.25% convertible senior debentures due 2042 is 86.4524 shares per $1,000 principal amount, or an effective conversion price of $11.57 per share.
Vishay is a Malvern, Pa.-based semiconductor manufacturer.
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