Nu Horizons announces closing of merger deal with Arrow

MELVILLE, USA: Nu Horizons Electronics Corp., a leading distributor of active and passive electronic components, announced that Arrow Electronics Inc., a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, has completed its acquisition of Nu Horizons.

Pursuant to the terms of the merger agreement, Nu Horizons’ stockholders are entitled to receive $7.00 in cash, without interest, less any applicable withholding taxes, for each share of Nu Horizons common stock owned by them. As a result of the merger, Nu Horizons common stock will no longer be listed for trading on the Nasdaq Global Select Market.

Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of Nu Horizons common stock in exchange for the merger consideration from American Stock Transfer & Trust Co. LLC. Stockholders of record should wait to receive the letter of transmittal from AST before surrendering their shares.