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Stock Market & Financial Investment News

News Breaks
August 18, 2014
05:24 EDTARWArrow Electronics downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Arrow Electronics to Neutral citing valuation and increased supply chain inventory. The firm lowered its price target for shares to $59 from $60.
News For ARW From The Last 14 Days
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January 28, 2015
05:33 EDTARWArrow Electronics initiates tender offer to acquire Data Modul AG
Arrow Electronics, through its wholly-owned subsidiary in Munich, Germany, is initiating an all-cash tender offer to acquire the shares of Data Modul AG for a purchase price of $31.00 per share based on current exchange rates. The purchase price represents a premium of approximately 35% on the weighted average stock exchange price of the Data Modul AG-shares during the prior three months. Headquartered in Munich, Germany, Data Modul AG has operations in Europe, Middle East, Asia, and North America. Sales in 2014 are estimated to be EUR 160M. The purchase price assuming all shares are tendered would be approximately $105M based on current exchange rates.

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