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News Breaks
May 21, 2014
08:36 EDTVSHVishay announces voluntary U.S. pension lump sum opportunity
Vishay Intertechnology will offer a special limited-time voluntary lump sum payment opportunity to certain former employees who are deferred vested participants of the Vishay Retirement Plan, the company’s U.S. qualified pension plan, and who are not currently receiving periodic payments of their pension benefit. Vishay is making this voluntary offer to provide greater flexibility for eligible participants to manage their retirement savings and also to assist the Company’s overall management of its pension obligations. Vishay continues to seek methods to de-risk its pension exposures, especially given the frozen status of the U.S. plans and the current funded status. Such actions could result, for the short-term, in increased net periodic pension cost due to lower expected rates of return on plan assets and/or possible changes to recognize unamortized actuarial items if all or a portion of the obligations were to be settled. The accounting impacts of such actions will vary greatly depending on the number of plan participants who accept the lump sum settlement offer.
News For VSH From The Last 14 Days
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October 8, 2015
16:29 EDTVSHVishay says revised Q3 outlook reflects impact from shutdown of China facility
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16:28 EDTVSHVishay lowers Q3 revenue view to $558M-$562M from $560M-$600M
Q3 consensus $569.22M. Lowers Q3 gross margin view to 21%-23% from 22%-25%,
16:26 EDTVSHVishay lowers Q3 outlook
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October 7, 2015
07:55 EDTVSHSensata downgraded to Neutral from Buy at Citi
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