Avnet Extends Cash Offer to Acquire Premier Farnell plc
Acquisition Will Substantially Strengthen Digital Footprint Worldwide
"This acquisition will significantly strengthen Avnet's digital
footprint worldwide. The convergence of Premier Farnell's innovative
online services with Avnet's world class supply chain will create
customer service unparalleled in the industry," said
The terms of the proposed acquisition are further described in the
announcement released today in accordance with Rule 2.7 of the
"Premier Farnell will bolster our strategy to provide a differentiated
digital experience from product ideation through its lifecycle. Premier
Farnell's customers gain access to an extensive suite of supply chain
services allowing them to ramp new products to production volumes. Our
customers will be able to do more technical research online through the
services provided by Premier Farnell," said
Fay further added, "In addition to deepening our customer base, this
acquisition will enhance our go-to-market strategy as we target the
industrial
Forward-Looking Statements
This document contains certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements are based on management's current expectations and are
subject to uncertainty and changes in facts and circumstances. The
forward-looking statements herein include statements addressing future
financial and operating results of
The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: the Company's ability to retain and grow market share and to
generate additional cash flow, risks associated with any acquisition
activities and the successful integration of acquired companies, an
industry down-cycle in semiconductors, IT hardware or software products,
declines in sales, changes in business conditions and the economy in
general, changes in market demand and pricing pressures, any material
changes in the allocation of product or product rebates by suppliers,
and other competitive and/or regulatory factors affecting the businesses
of
More detailed information about these and other factors is set forth in
Avnet's filings with the
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