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Corporate

May 10, 2005

Avnet to Absorb Memec in Deal Priced at $676 Million

Semiconductor distributor Avnet Inc. plans to acquire rival Memec Group Holdings LTD in a stock and cash transaction valued at approximately $676 million, the companies announced April 26.

        
By Geneva Whitmarsh
        Semiconductor distributor Avnet Inc. plans to acquire rival Memec Group Holdings LTD in a stock and cash transaction valued at approximately $676 million, the companies announced April 26.
        Memec was represented by Los Angeles-based...

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