Arrow Electronics/Nu Horizons Electronics Corp.
On September 20, 2010, Arrow Electronics (NYSE: ARW) announced that they have entered into an agreement to acquire Nu Horizons Electronics Corp. (Nasdaq: NUHC0 for $7.00 per NUHC common share.
Under the terms of the agreement, which has been approved by both boards of directors, Nu Horizons shareholders will receive $7.00 per share in cash for Nu Horizons common stock.
The transaction is subject to the approval of shareholders of Nu Horizons as well as customary closing conditions and regulatory approvals. The companies expect the transaction to close in the fourth quarter of 2010.
Houlihan Lokey acted as exclusive financial advisor and Farrell Fritz, P.C. LLP acted as legal counsel to Nu Horizons.
Under the terms of the agreement, which has been approved by both boards of directors, Nu Horizons shareholders will receive $7.00 per share in cash for Nu Horizons common stock.
The transaction is subject to the approval of shareholders of Nu Horizons as well as customary closing conditions and regulatory approvals. The companies expect the transaction to close in the fourth quarter of 2010.
Houlihan Lokey acted as exclusive financial advisor and Farrell Fritz, P.C. LLP acted as legal counsel to Nu Horizons.
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