Vishay says General Semiconductor change of control offer expires with $1.5 million tendered

New York, Jan. 8 - Vishay Intertechnology, Inc. said the change-of-control offer by its General

Semiconductor, Inc. unit for its 5¾% convertible subordinated notes due 2006 expired on Jan. 7 with $1.5 million tendered.

The Malvern, Pa. electronic components company was offering par plus accrued interest for the securities.

A related consent solicitation to amend the note indentures so that the company can provide Vishay's financial statements instead of General Semiconductor's was approved by holders of 56% of the outstanding principal amount. Holders who delivered consents by expiry on Jan. 7 will receive a fee of $1.00 per $1,000 principal.

Vishay acquired General Semiconductor on Nov. 2, triggering the change of control provisions in the convertibles' indenture.

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