SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 28, 1994
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ARROW ELECTRONICS, INC.
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(Exact Name of Registrant as Specified in Charter)
New York 1-4482 11-1806155
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
25 Hub Drive, Melville, New York 11747
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 391-1300
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(Former Name or Former Address, if Changed Since Last Report) ____________
Item 2. Acquisition or Disposition of Assets.
On November 28, 1994, Arrow Electronics, Inc. ("Arrow") completed the
acquisition of Anthem Electronics, Inc. ("Anthem"), a Delaware corporation and a
leading commercial distributor of semiconductors and computer products with
annual sales of approximately $700 million. The acquisition, which will be
accounted for as a pooling of interests, was approved prior to the consummation
of the transaction by the stockholders of Anthem on November 22, 1994 and by the
shareholders of Arrow on November 23, 1994.
The acquisition was effected by a merger of MTA Acquisition Company
("MTA"), a Delaware corporation and a wholly-owned subsidiary of Arrow, into
Anthem pursuant to the Agreement and Plan of Merger dated as of September 21,
1994 among Arrow, Anthem and MTA, with the result that the stockholders of
Anthem will become shareholders of Arrow. Pursuant to the merger, each of the
approximately 12.4 million shares of Anthem common stock outstanding at the time
of the merger was converted into the right to receive .875 shares of common
stock of Arrow. The total value of the shares of Arrow's common stock issued to
acquire Anthem is approximately $410 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: December 7, 1994
ARROW ELECTRONICS, INC.
By: /s/ Robert E. Klatell
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Robert E. Klatell
Senior Vice President and
Chief Financial Officer
