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Vishay Intertechnology Inc. Message Board

  • doremefas doremefas Mar 9, 2005 12:12 AM Flag

    Siliconix BOD Committee

    SANTA CLARA, Calif.--(BUSINESS WIRE)--March 8, 2005--Siliconix incorporated (Nasdaq:SILI - News), an 80.4% owned subsidiary of Vishay Intertechnology, Inc. (NYSE:VSH - News), announced today that in anticipation of receipt of the proposed offer by Vishay to acquire all the outstanding shares of Siliconix that it does not currently own, the Siliconix Board of Directors has appointed a committee of two independent directors, Hanspeter Eberhardt and Timothy Talbert, to consider and evaluate the proposed offer by Vishay. Once the offer is received, this committee is authorized to engage separate legal counsel and financial experts to assist it, to solicit a fairness opinion and any other customary advice under the circumstances, and to consider possible alternatives to the Vishay proposal. The committee will report its findings and make final recommendations to the Siliconix Board of Directors.

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