New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:01 EDTVSHVishay acquires Holy Stone Polytech for approximately $21M
Vishay Intertechnology announced the acquisition of Holy Stone Polytech Co., Ltd., a Japanese manufacturer of tantalum capacitors, from Holy Stone Enterprise Co. Ltd. The purchase price was approximately $21M subject to customary post-closing adjustments.
News For VSH From The Last 14 Days
Check below for free stories on VSH the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 9, 2014
08:36 EDTVSHVishay acquires 88.95% Taiwan-based Capella outstanding shares
Vishay announced that it has acquired 88.95% of the outstanding shares of Taiwan-based Capella Microsystems, pursuant to its previously announced tender offer. A total of 38,703,705 shares of Capella or 88.95% of outstanding shares were tendered and accepted by Vishay. The offer period expired on September 1. Pursuant to the terms of the tender offer, on September 9, Vishay paid NT$139 for each share tendered. The aggregate purchase price was approximately $180M. Vishay funded the acquisition mostly with cash on-hand, and borrowed $53M on its revolving credit facility to achieve future flexibility given the legal entity and financial structure utilized for the acquisition. It is estimated that, as of August 31, Capella had cash and cash equivalents of approximately $50M and no long-term debt. Capella will be included in Vishay’s consolidated financial statements for the period subsequent to acquisition, with the net earnings attributable to the 11.05% non-controlling interest excluded from net earnings attributable to Vishay stockholders until Vishay acquires the remaining outstanding shares of Capella. Capella is expected to contribute approximately $2M to Vishay’s revenues for Q3 . The earnings per share impact of the Capella acquisition on Q3 is not expected to be significant. The company will provide guidance on the expected contribution of Capella for the fourth quarter of 2014 during its regular Q3 earnings conference call. Annual amortization of identifiable intangible assets is expected to be in excess of $10M.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use