Corporate ActionJul 6, 2026, 04:08 PM
Vishay Notes Due 2030 Become Convertible
AI Summary
Vishay Intertechnology announced that its 2.25% convertible senior notes due 2030 have become convertible at the option of the holders. This conversion period is active for the calendar quarter ending October 3, 2026. The notes became convertible because the company's common stock price exceeded 130% of the conversion price for at least 20 trading days during the preceding fiscal quarter. The conversion rate is 33.1609 shares per $1,000 principal amount, with settlement in cash, stock, or a combination at the company's discretion.
Key Highlights
- Vishay's 2.25% convertible senior notes due 2030 are now convertible.
- Holders can convert notes during the quarter ending October 3, 2026.
- Convertibility triggered by stock price exceeding 130% of conversion price.
- Conversion rate is 33.1609 shares of common stock per $1,000 principal amount.
- Equivalent conversion price is approximately $30.16 per share.
- Settlement can be cash, common stock, or a combination, at the Company's election.
Price Impact
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