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BELM Bell Microproducts

6.99
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bell Microproducts NASDAQ:BELM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.99 0 01:00:00

EU Clears US Tech Distributor Avnet to Buy Bell Micro

02/07/2010 5:10pm

Dow Jones News


Bell Microproducts (NASDAQ:BELM)
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From Jun 2019 to Jun 2024

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The European Commission Friday cleared U.S. information technology distributor Avnet Inc. (AVT) to buy U.S. technology distributor Bell Microproducts Inc. (BELM) for $252 million.

The deal, the largest in Avnet's history, is intended to strengthen Avnet's presence in Latin American markets and expand the company's storage capabilities, said Avnet CEO Roy Vallee in a statement in March.

The company also hopes to revive sales of products such as hard drives after recent difficulties owing to the global economic recession.

-By David Tidmarsh, Dow Jones Newswires; +32 (0)2 741 1 489; david.tidmarsh@dowjones.com

 
 

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