Arrow Electronics Inc and Ducommun Inc have amended their agreement under which Arrow will buy Ducommun’s electronics distribution business so that the sale will be consummated regardless of the market price of Arrow’s shares: the price for the electronics distribution business approximates net book value, which is not to exceed $125m and will be paid in the form of between 4.1m and 4.6m Arrow shares and the balance in cash; after the closing – expected at year-end, Ducommun will distribute Arrow common stock as a dividend to its own holders, on a one-for-one basis.
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