General Semiconductor Acknowledges Receipt of Vishay Acquisition ProposalApril 29, 2001 by Jeff Shepard
General Semiconductor (Melville, NY) confirmed that it has received a letter from Vishay Intertechnology Inc. (Malvern, PA), expressing interest in acquiring General Semiconductor. The company reports that it will review the proposal and respond in due course, and has sent the following letter to Vishay:
Dear Dr. Zandman
We received your letter of April 2, 2001 expressing interest in a business combination with General Semiconductor. We will consider your letter at the next regularly scheduled meeting of our board of directors on April 18, 2001 and, thereafter, will advise you of our response.
Ronald A. Ostertag
Chairman of the Board, President and
Chief Executive Officer