Avnet to buy Marshall Industries

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Phoenix, Ariz.--In a merger that will create the largest electronic components distribution enterprise in the Americas, Avnet announced Monday that is has agreed to acquire Marshall Industries in a stock and cash transaction valued at about $830 million. Marshall Industries had sales of $1.7 billion in its fiscal year ended May 31. Avnet is expected to have sales of $6.3 billion for its fiscal year ending July 2. The sale is expected to close in three months.
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