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Arrow Electronics launches $105M tender offer for Germany's Data Modul AG

2015-01-28 17:17:02| Electronics - Topix.net

Arrow Electronics Inc. said Wednesday that its German unit is making an all-cash tender offer to acquire Munich, Germany-based LCD flat-panel display maker Data Modul AG. Arrow , the Centennial-based international electronics and computer company, said its Arrow CEHM subsidiary is offering $31 for Data Modul's shares, a 35 percent premium above the weighted average price of Data Modul's shares over the last three months.

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