Vishay adjusts conversion rates for three series of convertibles

By Tali Rackner

Norfolk, Va., Sept. 1 – 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 Aug. 31, the ex-dividend date,

• The conversion rate for the company’s 2.25% convertible senior debentures due 2040 is 74.3326 shares per $1,000 principal amount, or an effective conversion price of $13.45 per share;

• The conversion rate for the company’s 2.25% convertible senior debentures due 2041 is 54.2441 shares per $1,000 principal amount, or an effective conversion price of $18.44 per share; and

• The conversion rate for the company’s 2.25% convertible senior debentures due 2042 is 87.3974 shares per $1,000 principal amount, or an effective conversion price of $11.44 per share.

The company’s stock (NYSE: VSH) closed at $9.55 on Tuesday.

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

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