Arrow Electronics, Inc. : Arrow Electronics Announces Additional $200 Million Share Repurchase Program
06/01/2012| 04:05pm US/Eastern
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Arrow Electronics, Inc. (NYSE:ARW) announced today the approval by the
company's Board of Directors of the repurchase of an additional $200
million of common stock through a share repurchase program. The company
has spent approximately $700 million on share repurchases since 2006.
This action will permit the company to continue repurchasing shares of
its common stock as market and business conditions warrant. The program
can be terminated at any time. The company may enter into Rule 10b5-1
plans to facilitate repurchases under the program. A Rule 10b5-1 plan
would generally permit the company to repurchase shares at times when it
might otherwise be prevented from doing so under certain securities laws.
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
120,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 390 locations
in 53 countries.
Arrow Electronics, Inc.
Greer Aviv, 303-824-3765
Senior
Manager, Investor Relations
or
Paul J. Reilly, 631-847-1872
Executive
Vice President, Finance and Operations & Chief Financial Officer
or
John
Hourigan, 303-824-4586
Director, Corporate Communications
© Business Wire 2012
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