Vishay Extends Exchange Offer for Siliconix Stock
July 01, 2001 by Jeff Shepard
Vishay Intertechnology Inc. (Malvern, PA) announced that it has extended the exchange offer for the common stock of Siliconix Inc., its 80.4-percent-owned subsidiary, until July 5, 2001.
Vishay commenced its offer on May 25, 2001, to exchange 1.5 shares of common stock of Vishay for each share of common stock of Siliconix that it does not already own, with cash to be paid in lieu of fractional shares of Vishay.
There are 29,879,040 shares of Siliconix shares outstanding, of which 5,849,040 are publicly held.