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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: Stuart T who wrote (67178)	10/21/1999 8:00:00 PM
From: Tim Luke	Respond to of 90042

thread: my inbox is already geting flooded...i'm still working on some details but i promise to respond to everyone but it won't be till later tonight.....

To: Stuart T who wrote (67178)	10/21/1999 8:03:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

my biggest premium takeover call to date is completed...20 points. . . . . -------------------------------------------------------------------------------- Related Quotes AVT 43 5/8 +3/4 delayed 20 mins - disclaimer Thursday October 21, 7:38 pm Eastern Time Company Press Release Avnet Releases Results of Share Exchange Calculation for Marshall Shareholders PHOENIX--(BUSINESS WIRE)--Oct. 21, 1999--Roy Vallee, chairman and CEO of Avnet Inc. (NYSE:AVT - news), Thursday announced the results of the share exchange calculation with respect to Avnet's acquisition of Marshall Industries. At the time the transaction closed on October 20, 1999, there were 16,687,614 shares of Marshall Common Stock outstanding. Holders of Marshall Common Stock who elected to receive Avnet Common Stock will receive 0.82063 of a share of Avnet Common Stock for each share of Marshall Common Stock. Holders of Marshall Common Stock who did not elect to receive Avnet Common Stock will receive the following in exchange for each share of Marshall Common Stock: (1) $22.91835 in cash, (2) 0.33839 of a share of Avnet Common Stock and (3) cash in lieu of any fractional share interest paid based upon the amount of $42.7719 for each full share of Avnet Common Stock. The exchange ratio as well as the price paid for fractional shares is based on the $42.7719 average closing price of Avnet Common Stock on the New York Stock Exchange for the twenty (20) consecutive trading days ending on October 12, 1999. For example, if a Marshall shareholder has 100 shares of Marshall Common Stock and did not elect to receive Avnet Common Stock, the following calculation would be made to determine the final consideration paid: (1) 100 Marshall shares x $22.91835 = $2,291.83 cash paid out (2) 100 Marshall shares x 0.33839 = 33 shares Avnet Common Stock (plus 0.839 fractional shares) (3) 0.839 fractional Avnet shares x $42.7719 = $35.88 paid in cash for fractional Avnet shares Therefore, total consideration paid to a Marshall shareholder for 100 shares: Total Cash Paid Out $2,327.71 Total Shares Avnet Common Stock 33.00 Phoenix-based Avnet Inc., a Fortune 500 company with annual sales exceeding $6.35 billion, is one of the world's largest distributors of semiconductors, interconnect, passive and electromechanical components and computer products from leading manufacturers. Serving customers in 59 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain integration, engineering design and technical services. The company's Web site is located at www.avnet.com.