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VISHAY ANNOUNCES AGREEMENT IN PRINCIPLE TO ACQUIRE PHILIPS TANTALUM CAPACITOR BUSINESS

 MALVERN, Pa., June 7 /PRNewswire/ -- Dr. Felix Zandman, chairman and chief executive officer of Vishay Intertechnology, Inc. (NYSE: VSH), announced today that Vishay had reached an agreement in principle to buy the assets of the tantalum capacitor business of North American Philips Corporation, a subsidiary of Philips Electronics N.V.
 Under the terms of the proposed transaction, Vishay would pay $11 million for the assets of the tantalum capacitor business which had sales of approximately $16 million in 1992.
 Zandman stated: "Philips Components tantalum capacitor business, when combined with Vishay's leadership in tantalum and film capacitors through its recent Sprague and Roederstein acquisitions, will provide an excellent strategic fit within our Vishay Electronic Components, U.S. operations and will strengthen our position further in worldwide markets."
 Vishay Intertechnology, Inc. is a leading U.S. and European producer of a wide range of resistors, resistive sensors, tantalum capacitors, film capacitors, inductors and other passive electronic components. The company's products are used in a broad range of industries.
 /delval/
 -0- 6/7/93
 /CONTACT: Robert A. Freece, vice president and treasurer of Vishay Intertechnology, 215-644-1300/
 (VSH)


CO: Vishay Intertechnology, Inc.; North American Philips Corporation ST: Pennsylvania IN: CPR SU: TNM

MP-MK -- PH005 -- 5871 06/07/93 09:21 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:207
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