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Vishay Intertechnology responds to Mountaineer Partners Management's call for a $600 million accelerated share repurchase. The company values shareholders' input, with the CEO engaging in discussions since January 2023. The Board is evaluating the proposal to enhance shareholder value.
Vishay Intertechnology risponde alla richiesta di Mountaineer Partners Management per un riacquisto accelerato di azioni del valore di 600 milioni di dollari. La società apprezza i suggerimenti degli azionisti, con il CEO che partecipa a discussioni dal gennaio 2023. Il Consiglio sta valutando la proposta per aumentare il valore per gli azionisti.
Vishay Intertechnology ha respondido a la solicitud de Mountaineer Partners Management para una recompra acelerada de acciones por 600 millones de dólares. La empresa valora las opiniones de los accionistas, con el CEO involucrado en discusiones desde enero de 2023. La Junta está evaluando la propuesta para mejorar el valor para los accionistas.
Vishay Intertechnology가 Mountaineer Partners Management의 6억 달러 규모의 가속 주식 매입 요청에 응답했습니다. 회사는 주주들의 의견을 중요시하며 CEO는 2023년 1월부터 논의에 참여하고 있습니다. 이사회는 주주 가치를 증대시키기 위한 제안을 평가하고 있습니다.
Vishay Intertechnology répond à l'appel de Mountaineer Partners Management pour un rachat accéléré d'actions de 600 millions de dollars. L'entreprise valorise les contributions des actionnaires, avec le PDG engagé dans des discussions depuis janvier 2023. Le conseil d'administration évalue la proposition pour augmenter la valeur pour les actionnaires.
Vishay Intertechnology reagiert auf den Aufruf von Mountaineer Partners Management zu einem beschleunigten Aktienrückkauf in Höhe von 600 Millionen Dollar. Das Unternehmen schätzt die Meinungen der Aktionäre, wobei der CEO seit Januar 2023 in Gesprächen engagiert ist. Der Vorstand prüft den Vorschlag zur Steigerung des Aktionärswertes.
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MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase.
Vishay regularly engages with our stockholders and welcomes constructive input focused on enhancing value. Vishay’s CEO has held numerous discussions with Mountaineer since his appointment to the position on January 1, 2023, and the senior management team met with stockholders most recently at the company’s Investor Day held on April 2, 2024. Vishay’s Board appreciates and is carefully evaluating the suggestion made by Mountaineer along with input from other stockholders to determine the course of action that is in the best interest of the company and all stockholders.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
The DNA of tech® is a trademark of Vishay Intertechnology.
Contact: Vishay Intertechnology, Inc. Peter Henrici Senior Vice President, Corporate Communications +1-610-644-1300
FAQ
What is Vishay Intertechnology's response to Mountaineer Partners Management's call for a $600 million accelerated share repurchase?
Vishay Intertechnology's Board of Directors is carefully evaluating Mountaineer's suggestion, along with input from other stockholders, to determine the best course of action for the company and all stockholders.
When did Vishay's CEO start engaging in discussions with Mountaineer?
Vishay's CEO has been engaging in discussions with Mountaineer since his appointment to the position on January 1, 2023.
When was the company's Investor Day held, where the senior management team met with stockholders?
The company's Investor Day was held on April 2, 2024, where the senior management team met with stockholders.
vishay intertechnology, inc., a fortune 1000 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, sensors, and transducers). these components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, and medical markets. its product innovations, successful acquisition strategy, and ability to provide "one-stop shop" service have made vishay a global industry leader. vishay can be found on the internet at http://www.vishay.com.
