Vishay Intertechnology Raises $830.3M from Common Stock Offering

Vishay Intertechnology, Inc. entered into an underwriting agreement to offer and sell 15,000,000 shares of its common stock at $50.00 per share. The underwriters fully exercised their 30-day option to purchase an additional 2,250,000 shares. The company expects to receive approximately $830.3 million in net proceeds from the offering, which will be used to accelerate growth initiatives, for general corporate purposes, and to reduce current borrowings under its senior secured credit facility.