View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 21, 1997updated 03 Sep 2016 1:51pm

MARSHALL INDUSTRIES TO ACQUIRE STERLING ELECTRONICS

By CBR Staff Writer

Houston, Texas-based electronic parts distributor Sterling Electronics Corp, the company that resisted a takeover bid from Bell Industries Inc a couple of years ago (CI No 2,741), has succumbed to the charms of Marshall Industries Inc, which will pay $21 per share in cash for the company, valuing it at around $162m. Marshall, itself a major electronic components distributor which turned over $1.2bn in the year to May, with net profit of $39.6m, will merge Sterling with a newly established subsidiary company. It will also take on some $55m of Sterling debt. Sterling had turnover of $343.8m and profit of $9.6m last year.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU