Key Developments: Vishay Intertechnology Inc (VSH)
14.89USD
22 May 2013
$0.11 (+0.74%)
$14.78
$14.82
$14.90
$14.70
86,810
1,425,264
$15.14
$8.10
Latest Key Developments (Source: Significant Developments)
Vishay Intertechnology Inc Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates
Vishay Intertechnology Inc announced that for second quarter of 2013, it expects revenues in the range of $570 to $610 million at similar gross margin percent and slightly improved operating margin percent compared to the first quarter of 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $575 million for second quarter of 2013. Full Article
Vishay Intertechnology Inc Announces Signing of Definitive Purchase Agreement with MCB Industrie S.A
Vishay Intertechnology Inc announced the signing of a definitive purchase agreement to acquire MCB Industrie S.A., a manufacturer of specialty resistors for professional market segments. MCB Industrie S.A. resistors are used as motion sensors in avionics, military, and space applications and as power resistors in traction, energy distribution, and various other industrial applications. Vishay Intertechnology anticipates that the acquisition of MCB Industrie S.A. will close in the second quarter of 2013. Full Article
Vishay Intertechnology Inc Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Vishay Intertechnology Inc announced that for first quarter of 2013, it expects revenue to be in the range of $520-$560 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $542 million for first quarter of 2013. Full Article
Vishay Intertechnology Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Vishay Intertechnology Inc announced that for the fourth quarter of 2012, it expects revenues to fall between $500 and $540 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $571 million for the fourth quarter of 2012. Full Article
Vishay Intertechnology, Inc. Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates
Vishay Intertechnology, Inc. announced that it currently anticipates revenues between of $570 million and $610 million for the third quarter of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $582 million for the third quarter of 2012. Full Article
Vishay Intertechnology, Inc. Completes Offering of $150 Million of 2.25% Convertible Senior Debentures
Vishay Intertechnology, Inc. announced the closing of its offering of $150 million principal amount of 2.25% convertible senior debentures due 2042. The debentures were offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Interest will be payable on the debentures semi-annually at a rate of 2.25% per annum. In addition to ordinary interest, beginning on June 1, 2022, contingent interest will accrue in certain circumstances relating to the trading price of the debentures and under certain other circumstances. The debentures will be initially convertible, subject to certain conditions, into cash, shares of Vishay`s common stock or a combination thereof, at Vishay`s option, at an initial conversion rate of 84.6937 shares of common stock per $1,000 principal amount of debentures. This represents an initial effective conversion price of approximately $11.81 per share. This initial conversion price represents a premium of 13.75% to the closing price of Vishay`s common stock on May 29, 2012, which was $10.38 per share. Vishay used the net proceeds from this offering, together with cash on hand, to repurchase approximately 13.95 million shares of Vishay`s common stock for an aggregate purchase price of $150 million. Full Article
Vishay Intertechnology, Inc. To Offer $150 Million of Convertible Senior Debentures
Vishay Intertechnology, Inc. announced its intention to commence an offering, subject to market conditions and other factors, of $150 million principal amount of convertible senior debentures. The debentures would be due in 2042 and are to be offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The interest rate, conversion rate and the other terms will be determined by negotiations between Vishay and the initial purchasers of the debentures. Vishay intends to use the net proceeds from this offering, together with cash on hand, to repurchase shares of its common stock for an aggregate purchase price of $150 million as follows: Through an initial purchaser or its affiliate which, acting as Vishay’s agent, will purchase shares of Vishay’s common stock from institutional investors in negotiated transactions concurrently with the pricing of this offering. Such repurchases may raise or maintain the market price of our common stock above levels that would otherwise prevail or prevent or slow a decline in the market price of Vishay’s common stock; and Through an agreement with an initial purchaser or its affiliate concurrently with the pricing of this offering. Pursuant to the terms of such repurchase, concurrent with the closing of this offering, the counterparty to such agreement will sell short to us shares of Vishay’s common stock. Full Article
Vishay Intertechnology, Inc. Issues Q2 2012 Revenue Guidance In Line With Analysts' Estimates
Vishay Intertechnology, Inc. announced that for the second quarter of 2012, it anticipate revenues between $580 and $620 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $584 million for the second quarter of 2012. Full Article
Vishay Intertechnology, Inc. Releases SMD Avalanche Rectifier In Low-Profile DO-214AC Package
Vishay Intertechnology, Inc. announced that it released a new high-voltage, ultrafast surface-mount avalanche rectifier in the plastic DO-214AC package. The BYG23T combines a low 1.98 mm profile with extremely high reverse voltage of 1,300 V and fast 75 ns reverse recovery time. The rectifier released today is optimized for high-voltage, high-frequency rectification in switchmode power supplies (SMPS), HID ignition drives, and industrial ballasts. The BYG23T features low typical reverse current of 2.9 microamps at + 125 degreesC, 5 mJ pulse energy in avalanche mode, forward current of 1.0 A, and forward voltage of 1.39 V at 1 A and + 125 degreesC. Full Article
Vishay Intertechnology, Inc. Announces Amendment To Credit Agreement And Incremental Facility Agreement To Increase Credit Agreement Total Commitment To $528 Million
Vishay Intertechnology, Inc announced that it amended its credit agreement and entered into an incremental facility agreement that increases the total credit facility commitment to $528 million. Vishay has received incremental revolving commitments in the aggregate principal amount of $78 million, increasing the total credit facility commitment to $528 million. The incremental revolving commitments have terms and conditions identical to the terms and conditions of the existing commitments under the credit facility. The other terms and conditions of the credit facility were unchanged. Full Article
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