Vishay Signs Memorandum of Understanding to Settle Delaware Action Challenging Siliconix Exchange Offer

Vishay Signs Memorandum of Understanding to Settle Delaware
Action Challenging Siliconix Exchange Offer 


MALVERN, Pa., April 29  /PRNewswire-FirstCall/ -- Vishay Intertechnology, Inc.
(NYSE:VSH) announced that a memorandum of understanding has been executed with
the plaintiffs in the consolidated class action litigation in Delaware Chancery
Court regarding Vishay's pending exchange offer for the shares of Siliconix
incorporated (NASDAQ:SILI) not owned by Vishay. The MOU sets forth the terms
and conditions under which the plaintiffs, Vishay and Siliconix have agreed in
principle to settle the action. The settlement is subject to court approval.

The plaintiff in the California action challenging the exchange offer is not a
party to the MOU. As previously announced, the California Superior court has
issued a stay of that action.

Vishay has previously filed with the Securities and Exchange Commission an
amended prospectus and exchange offer statement and related exchange offer
materials. Siliconix stockholders should read the amended exchange offer
statement and the other exchange offer materials because they contain important
information. Investors can obtain the amended exchange offer statement and
other filed documents without charge from the web site of the SEC at
http://www.sec.gov/ . Investors can also obtain the amended exchange offer
statement and all other exchange offer materials from MacKenzie Partners, Inc.,
the information agent for the offer, 105 Madison Avenue, New York, New York
10016, [phone] or [phone].

Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH),
is one of the world's largest manufacturers of discrete semiconductors (diodes,
rectifiers, transistors, and optoelectronics) and selected ICs, and passive
electronic components (resistors, capacitors, inductors, and transducers).
Vishay's components can be found in products manufactured in a very broad range
of industries worldwide. Vishay is headquartered in Malvern, Pennsylvania, and
has operations in 17 countries employing over 25,000 people. Vishay can be
found on the Internet at http://www.vishay.com/ .

   Contact:
   Richard N. Grubb,
   Executive Vice President and
   Chief Financial Officer
   610/644-1300


DATASOURCE: Vishay Intertechnology, Inc.



CONTACT:  Richard N. Grubb, Executive Vice President and Chief Financial

Officer, Vishay Intertechnology, Inc., [phone]



Web site: http://www.vishay.com/

http://www.sec.gov/ 

Copyright