By Ian Walker

 

LONDON--Daetwyler Holding AG (DAE.EB) said Thursday its offer for Premier Farnell PLC (PFL.LN), maker of the $5 Raspberry Pi computer, is final and will lapse on Aug. 21.

Switzerland's Daetwyler agreed to buy the British company in June for 615 million pounds ($803.5 million), but this was subsequently trumped by a higher offer from U.S. electronics company Avnet Inc. (AVT) last month.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

August 18, 2016 03:03 ET (07:03 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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