Ducommun Inc, Los Angeles, has def-initive agreement to sell its electronics distribution business to Arrow Electronics Inc for 4.1m new Arrow shares worth some $40m, plus about $85m in cash: businesses in-volved in the transaction are Kierulff Electronics, Ducommun Data Systems and MTI Systems; Ducommun will distribute the bulk of the Ar-row shares to its […]
Ducommun Inc, Los Angeles, has def-initive agreement to sell its electronics distribution business to Arrow Electronics Inc for 4.1m new Arrow shares worth some $40m, plus about $85m in cash: businesses in-volved in the transaction are Kierulff Electronics, Ducommun Data Systems and MTI Systems; Ducommun will distribute the bulk of the Ar-row shares to its own shareholders at a rate of at least one Arrow for each Ducommun share held; the cash will be used to repay bank debt.
