Deal Snapshot: Avnet to Take Over Australian Itx Group for Usd70m

Summary


MANAVIGATOR-August 23, 2010-Deal snapshot: AVNET TO TAKE OVER AUSTRALIAN ITX GROUP FOR USD70M (C)2010 M2 COMMUNICATIONS http:// www.m2.com

US electronic components distributor Avnet (NYSE:AVT) has struck a deal to buy out Australian value-added IT products distributor Itx Group (ASX:ITX), for AUD77.5m (USD69.9m/EUR54.3m) in cash.

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Deal Snapshot: Avnet to Take Over Australian Itx Group for Usd70m

Country: Austra...

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