US electric component distributor Avnet to buy Premier Farnell Plc for USD 911 million

Q.  Which US electric component distributor has agreed to purchase Premier Farnell Plc for USD 911 million?
- Published on 01 Aug 16

a. Avnet
b. GE
c. Havnet
d. Amnet

ANSWER: Avnet
 
US electric component distributor Avnet has taken the decision to purchase Premier Farnell Plc for USD 911 million beating out an earlier offer from Daetwyler Holding AG for British Maker of Raspberry Pi mini computer.
  • Shares of Premier Farnell rose as high as 193.75 pence on 28th July 2016 above AVent’s offer of 185 pence.
  • Following Brexit, overseas suitors have flocked to Britain in search of deals cheaper given the sharp decline in pound against the dollar.
  • Japan’s SoftBank has agreed to purchase Britain’s most valuable technology company ARM holdings, a chip designer for USD 32 billion.

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