Delaware | 1-7416 | 38-1686453 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
63 Lancaster Avenue Malvern, PA 19355 |
19355-2143 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure. |
Item 9.01 | Financial Statements and Exhibits |
Exhibit No. | Description | |
99.1 | Press release dated May 9, 2011 |
VISHAY INTERTECHNOLOGY, INC. |
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By: | /s/ Lior E. Yahalomi | |||
Name: | Dr. Lior E. Yahalomi | |||
Title: | Executive Vice President and Chief Financial Officer | |||
| Approximately $100 million to repurchase shares of Vishays common stock through the initial purchaser or its affiliate which, acting as Vishays agent, will purchase shares of Vishays 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 Vishays common stock above levels that would otherwise prevail or prevent or slow a decline in the market price of Vishays common stock; and | ||
| Approximately $50 million to repurchase additional shares of Vishays common stock through an agreement with an affiliate of the initial purchaser 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 Vishays common stock. As a result of such short sale, concurrently with, and for a period of time following, the pricing of the debentures, Vishay expects the counterparty to such agreement (or an affiliate thereof) to purchase shares of Vishays common stock from third parties and/or enter into various derivative transactions with respect to Vishays common stock. The effect, if any, of any of these transactions and activities on the market price of Vishays common stock and/or the debentures will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could have the effect of increasing or preventing a decline in the price of Vishays common stock and the debentures, concurrently with the pricing of the debentures and for a period of time following such pricing. |