Avnet To Acquire Bell Microproducts In Deal Valued At $594 Million

Discussion in 'Growing and Managing a Business' started by realitybites.in, Mar 29, 2010.

  1. realitybites.in

    realitybites.in
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    Avnet, Inc. (NYSE:AVT) (“Avnet”) announced today that it has entered into a definitive agreement to acquire Bell Microproducts Inc. (“Bell”) in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $594 million assuming a net debt position for Bell of $342 million at face value as of December 31, 2009. The acquisition has been approved by the Boards of Directors of both companies and is subject to the approval of Bell's shareholders as well as customary regulatory approvals. The transaction is expected to close in 60 to 120 days, deliver at least 12.5% ROCE post integration and should be immediately accretive to earnings excluding integration and transaction costs.

    http://www.businesswire.com/portal/...d=news_view&newsId=20100329005640&newsLang=en
     
  2. seanstevens

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    This one is a shame for the market place. Bell are a tough when it comes to reselling and have a great business ethos of helping their end customers to grow and at the same time keeping the the suppliers happy. I'm lucky to know one of the managers at Bell in the UK who has worked at the company for 20+ years, I fear for their customers once Avnet take over.
     

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