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Arrow Completes Chip One Stop Tender Offer

MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE:ARW) announced that the company has successfully completed the all-cash tender offer to acquire Japan-based Chip One Stop (TSE:3343). Arrow will be acquiring approximately 94% of the common shares of Chip One Stop. All necessary regulatory approvals related to the tender offer have been received.

Headquartered in Yokohama, Japan, Chip One Stop has offices throughout Japan and is focused primarily on supplying electronic components to design engineers. The company's sales for the latest fiscal year were approximately $47 million.

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.

Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries.

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