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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.
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July 17, 2014
16:32 EDTVSHVishay: Capella Microsystems board recommends shareholders tender shares
Vishay Intertechnology announced that the board of Taiwan-based Capella Microsystems, which Vishay intends to acquire, has determined that the price per share offered by Vishay in a tender offer is reasonable and has recommended that shareholders of Capella tender their shares. A special offer review committee of Capella separately has made the same determination and recommendation. On July 11, Vishay entered into an agreement to acquire Capella for approximately NT$6,051M or US$205M. Vishay intends to acquire Capella first through a tender offer of up to 100 percent of Capella’s outstanding shares at a price of NT$139 per share. The tender offer is conditioned upon at least a majority of the outstanding shares being tendered. The period to tender outstanding shares ends on September 1, but could be extended pursuant to local regulations. If a majority of the outstanding shares are tendered and the government approvals are obtained, the tender offer is expected to close in September 2014 followed by Vishay’s acquisition of 100% of Capella in a merger by the end of January 2015. In 2013, Capella had revenues of NT$1,873M or approximately US$63 million achieving gross margins in the high 40%s and EBITDA of approximately US$19M; cash and cash equivalents were approximately US$60M without any long-term debt.
July 9, 2014
16:04 EDTVSHRuta Zandman reports 7.6% stake in Vishay

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