Wednesday, December 20, 2006
Avnet Gets Regulatory Approval For Access Distribution Acquisition
Phoenix, Arizona-based Avnet said today that it has received regulatory approvals for its acquisition of Access Distribution. Avnet said that it received clearance from the US Federal Trade Commission, the Canadian Anti-Competition Bureau and the Commission of the European Communities for the approval. Access Distribution is a unit of General Electric. The deal, which was announced in November, is worth $412.5M.