Hedge fund Mountaineer
Partners is urging discrete electronic components maker Vishay
Intertechnology to buy back $600 million worth of stock
this year, citing the company s irrationally low.
Vishay Intertechnology: "Given Vishay s overcapitalized balance sheet, the Board should take advantage of Vishay s irrationally low valuation by approving and implementing a $600 million accelerated share repurchase," said the letter, signed by Mountaineer partner Greg Williams said.
Hedge Fund Mountaineer Partners Urges Vishay to Buy Back Shares usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Svea Herbst-Bayliss NEW YORK (Reuters) - Hedge fund Mountaineer Partners is urging discrete electronic components maker Vishay Intertechnology to buy back $600 million worth of stock this year, citing the company's "irrationally low valuation," .