Nu Horizons Electronics stockholders approve acquisition by Arrow Electronics

MELVILLE, USA: Nu Horizons Electronics Corp., a leading distributor of active and passive electronic components, announced that its stockholders voted to approve the merger agreement among Nu Horizons, Arrow Electronics Inc. and a wholly-owned subsidiary of Arrow, pursuant to which Nu Horizons will be acquired by Arrow.

Upon consummation of the merger, which remains subject to certain remaining customary closing conditions and regulatory approvals, Nu Horizons’ stockholders will receive $7.00 for each share of Nu Horizons common stock they own. The companies expect the transaction to close in early 2011.