Arrow Electronics Announces Additional $200 Million Share Repurchase Program
December 12 2014 - 8:00AM
Business Wire
Arrow Electronics, Inc. (NYSE:ARW) announced today the approval
by the company’s Board of Directors of the repurchase of up to an
additional $200 million of common stock through a share repurchase
program. The company has spent approximately $1.2 billion on share
repurchases since the beginning of 2010.
This action will permit the company to continue repurchasing
shares of its common stock as market and business conditions
warrant. The program can be terminated at any time. The company may
enter into Rule 10b5-1 plans to facilitate repurchases under the
program. A Rule 10b5-1 plan would generally permit the company to
repurchase shares at times when it might otherwise be prevented
from doing so under certain securities laws.
Arrow Electronics (www.arrow.com) is a global provider of
products, services and solutions to industrial and commercial users
of electronic components and enterprise computing solutions. Arrow
serves as a supply channel partner for more than 100,000 original
equipment manufacturers, contract manufacturers and commercial
customers through a global network of more than 460 locations in 58
countries.
Arrow Electronics, Inc.Steven O’Brien, 303-824-4544Director,
Investor RelationsorPaul J. Reilly, 631-847-1872Executive Vice
President, Finance and Operations, & Chief Financial
OfficerorMedia Contact:John Hourigan, 303-824-4586Vice President,
Global Communications
Arrow Electronics (NYSE:ARW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Arrow Electronics (NYSE:ARW)
Historical Stock Chart
From Sep 2023 to Sep 2024