Arrow Electronics To Buy A.E. Petsche; Sees EPS Boost - Eric Savitz (Barron's)

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Arrow Electronics To Buy A.E. Petsche; Sees EPS Boost
Nov 17, 2009 04:37 PM UTC

Eric Savitz (Barron's)

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Via BARRONS.com: Tech Trader Daily - Barron's Online:

Arrow Electronics (ARW) said it agreed to acquire A.E. Petsche, an Arlington, Texas-based provider of specialty wire, cable and harness interconnect products to the aerospace and defense markets. Terms were not disclosed.

A.E. Petsche had 2008 sales of about $220 million. The company said the deal should be accretive to EPS by 10-12 cents a share in 2010. The deal is expected to close by the end of 2009.

ARW today is down 51 cents, or 1.8%, to $27.26.

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