techrockies
High Technology News and Information for the Rocky Mountain Region
Home
Mobile
News and Events
  • Headlines
  • Events
    • Members Only
  • Dealflow
  • Companies
  • Investors
  • People
  • Exits
  • PowerSearch
  • Statistics
    • About
  • Membership
  • About
  • Contact Us

    • Search News
    Friday, October 10, 2008

    Avnet Looks To Buy UK Distributor

    Phoenix-based Avnet said Friday that it plans to acquire Abacus Group PLC, a distributor of electronic components in Europe, for approximately $73M. According to Avnet, it has offered £0.55 per share for Abacus Group, which had $497M in sales for its fiscal year ended September 2007. Abacus distributes electronic components in 10 countries across Europe. Avnet said that the board of directors of Abacus is recommending acceptance of the offer by its shareholders.
    posted on Friday, October 10, 2008


    Related companies:
    Avnet

    Related stories:
    > Avnet Buys Australian Electronics Distributor
    > Avnet Gets IBM Award
    > Avnet to Acquire European Distributor
    > Avnet Buys Access Distribution For $412.5M
    > Avnet Acquires Italian Electronics Distributor

    		 RSS Email Twitter
    Sign up to receive updates via our daily email newsletter

    Enter your email:

    Previous Issues

     Wednesday, November 19, 2008
    Tuesday, November 18, 2008
    Monday, November 17, 2008
    Friday, November 14, 2008
    Thursday, November 13, 2008