Nu Horizons Electronics Corp. Announces Closing of Merger Agreement with Arrow Electronics, Inc.
04 January 2011 - 12:44AM
Business Wire
Nu Horizons Electronics Corp. (NasdaqGS: NUHC), a leading
distributor of active and passive electronic components, today
announced that Arrow Electronics, Inc., a global provider of
products, services and solutions to industrial and commercial users
of electronic components and enterprise computing solutions, has
completed its acquisition of Nu Horizons.
Pursuant to the terms of the merger agreement, Nu Horizons’
stockholders are entitled to receive $7.00 in cash, without
interest, less any applicable withholding taxes, for each share of
Nu Horizons common stock owned by them. As a result of the merger,
Nu Horizons common stock will no longer be listed for trading on
the Nasdaq Global Select Market.
Stockholders of record will receive a letter of transmittal and
instructions on how to surrender their shares of Nu Horizons common
stock in exchange for the merger consideration from American Stock
Transfer & Trust Company, LLC (“AST”). Stockholders of record
should wait to receive the letter of transmittal from AST before
surrendering their shares.
About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. (NasdaqGS: NUHC) is a leading
global distributor of advanced technology semiconductor, display,
illumination, power, system and telecommunication solutions to a
wide variety of commercial original equipment manufacturers (OEMs)
and Electronic Manufacturing Services providers (EMS). With sales
facilities in 54 locations across North America, Europe and Asia
and regional logistics centers throughout the globe, Nu Horizons
partners with a limited number of best-in-class suppliers to
provide in-depth product development, custom logistics and
life-cycle support to its customers. Information on Nu Horizons and
its services is available at http://www.nuhorizons.com.
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