Hedge fund Mountaineer Partners urges Vishay Intertechnology to buy back $600m shares due to low valuation.
Hedge fund Mountaineer Partners is urging Vishay Intertechnology to buy back $600m worth of shares this year due to the company's "irrationally low valuation." The New York-based fund, which owns 1.7% of Vishay, believes the company has excess cash that could be more sensibly used to repurchase stock. Mountaineer Partner Greg Williams argues that this move would be a "prudent mechanism" for boosting shareholder value.
April 22, 2024
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