Arrow Electronics, Inc. (NYSE:ARW) announced that the company has successfully completed the all-cash tender offer to acquire Japan-based Chip One Stop (TSE:3343.to). Arrow will be acquiring approximately 94% of the common shares of Chip One Stop. All necessary regulatory approvals related to the tender offer have been received. Headquartered in Yokohama, Japan, Chip One Stop has offices throughout Japan and is focused primarily on supplying electronic components to design engineers. The company's sales for the latest fiscal year were approximately $47 million.
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(ARW, CLNO, WYN, ITW) Stock in Action by CRWEWallStreet.com
September 29th, 2011 at 02:28 pm