Vishay Announces Effectiveness of Registration Statement for Siliconix Tender Offer
11 Maio 2005 - 6:30PM
PR Newswire (US)
Vishay Announces Effectiveness of Registration Statement for
Siliconix Tender Offer MALVERN, Pa., May 11 /PRNewswire-FirstCall/
-- Vishay Intertechnology, Inc. (NYSE:VSH) today announced that the
Securities and Exchange Commission has declared effective Vishay's
registration statement relating to the tender offer for the
outstanding shares of common stock of Siliconix incorporated
(NASDAQ:SILI). Vishay is offering to exchange 3.075 shares of
Vishay common stock for each Siliconix share tendered in the offer.
Cash will be paid in lieu of fractional shares of Vishay. The offer
expires at 5:00 p.m., New York City time, on Thursday, May 12,
2005, unless extended. The offer is conditioned on there being
validly tendered and not withdrawn a majority of the outstanding
shares of Siliconix not owned by Vishay. There are 29,879,040
shares of Siliconix stock outstanding, of which 5,849,040 are
publicly held. There are other conditions to the offer, including
the effectiveness of the registration statement, which have or
Vishay anticipates will be satisfied. Following the successful
consummation of the offer, Vishay intends to promptly effect a
merger of Siliconix with a subsidiary of Vishay. In this merger,
all remaining holders of Siliconix stock would receive the same
consideration for their shares as the holders who tendered their
shares received in the offer. Vishay has previously filed with the
Securities and Exchange Commission an amended prospectus and
exchange offer statement and related exchange offer materials.
Siliconix stockholders should read the amended prospectus and
exchange offer statement and related exchange offer materials
because they contain important information. Investors can obtain
the amended prospectus and exchange offer statement and other filed
documents without charge from the web site of the SEC at
http://www.sec.gov/ or from MacKenzie Partners, Inc., the
information agent for the offer, 105 Madison Avenue, New York, New
York 10016, (212) 929-5500 or (800) 322-2885. Vishay
Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE
(VSH), is one of the world's largest manufacturers of discrete
semiconductors (diodes, rectifiers, transistors, and
optoelectronics) and selected ICs, and passive electronic
components (resistors, capacitors, inductors, and transducers).
Vishay's components can be found in products manufactured in a very
broad range of industries worldwide. Vishay is headquartered in
Malvern, Pennsylvania, and has operations in 17 countries employing
over 25,000 people. Vishay can be found on the Internet at
http://www.vishay.com/. Siliconix is a leading manufacturer of
power MOSFETs, power ICs, analog switches, and multiplexers for
computers, cell phones, fixed communications networks, automobiles,
and other consumer and industrial electronic systems. With 2004
worldwide sales of $466.1 million, the Company's facilities include
a company-owned Class 1 wafer fab dedicated to the manufacture of
power products in Santa Clara, California, and a Class 1 wafer fab
located in Itzehoe, Germany utilized under a lease arrangement. The
Company's products are also fabricated by subcontractors in Japan,
Germany, China, Taiwan, and the United States. Assembly and test
facilities include a company-owned facility in Taiwan, a joint
venture in Shanghai, China, and subcontractors in the Philippines,
China, Taiwan and Israel. CONTACT: Richard N. Grubb, Executive Vice
President and Chief Financial Officer, Vishay Intertechnology,
+1-610-644-1300. DATASOURCE: Vishay Intertechnology, Inc. CONTACT:
Richard N. Grubb, Executive Vice President and Chief Financial
Officer, Vishay Intertechnology, +1-610-644-1300 Web site:
http://www.vishay.com/
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