Vishay Intertechnology has launched an underwritten public offering of $750 million worth of common stock. The underwriters have a 30-day option to purchase up to an additional $112.5 million of shares. All shares are being sold by Vishay, with final terms subject to market conditions. The company plans to use the proceeds to accelerate growth initiatives and support broader corporate needs, with part of the remaining funds used to reduce outstanding borrowings under its senior secured credit facility. Shares fell over 7% to about $52.01 in after-hours trading.
Vishay Intertechnology IncCompany launches $750M share offering, diluting existing shareholders; shares fell 7% after-hours.