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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (55881)	8/30/1999 7:47:00 AM
From: Ben Sanford	Respond to of 90042

More mergers taking place in the industry. Avnet acquires Eurotronics Avnet Inc. signed a share exchange agreement by which Sonepar will merge its European electronic components distribution company, Eurotronics B.V. (SEI), with Avnet. SEI is a Netherlands-based distribution network with sales throughout Europe of approximately $550 million. Upon completion of the transaction, Sonepar's 84 percent ownership in Eurotronics (SEI) will be merged with Avnet's electronic components distribution group -- Avnet Electronics Marketing EMEA (Europe, Middle East and Africa). Avnet assumed a 16 percent stake in Eurotronics when it acquired Marshall Industries in June for $1.72 billion. For more electronicnews.com