Arrow Electronics, Inc. announced that Arrow will launch a tender offer to acquire all of the common stock of Japan-based Chip One Stop, a provider of shopping sites for electronic components and semiconductors for a purchase price of 220,000 yen per share. The TOB price has a 204% premium over its 3-month average. Arrow is a NY-based global distributer of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Through this acquisition, Arrow can expand its presence in Japan as well as strengthen its e-commerce capabilities.
August 10, 2011
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