Vishay to pay upcoming put on convertibles in cash

New York, May 3 - Vishay Intertechnology, Inc. said it will pay the upcoming put on its Liquid Yield Option Notes due June 4, 2021 in cash.

Holders who exercise the option by June 4 will receive $639.76 per $1,000 principal amount at maturity of the convertibles.

Vishay, a Malvern, Pa., maker of electronic components, has $215.565 million principal amount at maturity or $138 million accreted value of the LYONs outstanding.

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