Avnet, a well-known international distributor of computer components and electronics, has announced its intention to buy the company Bell Microproducts. The deal will amount to $252 million in cash, or $7 per share. Reuters. Besides Avnet take on significant debt Bell Microproducts, according to preliminary estimates, this amount will be 342 million US dollars.
The deal will not only expand technological capabilities Avnet due to the developed production of semiconductors and computer components of the acquired company, in particular, the strong point Bell Microproducts is the production of various storage media. But it will also help expand its influence on the promising market of Latin American countries. It is in this region that the positions are strong Bell Microproducts, it accounts for 17% of the entire profit of the company.
The decision on the transaction has been confirmed by both parties, and in a few months we should expect the full completion of all formalities and, of course, the growth of the profits of the renewed company.