<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) August 7, 2000
A V N E T, I N C.
(Exact name of Registrant as Specified in its Charter)
New York 1-4224 11-1890605
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2211 South 47th Street, Phoenix, Arizona 85034
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code - (480) 643-2000
Not Applicable
(Former Name or Former Address if Changed Since Last Report)
<PAGE> 2
Item 5. Other Events.
On August 7, 2000, subsequent to the end of Registrant's fiscal year 2000, the
Registrant entered into an agreement to purchase part of the VEBA Electronics
Group from Germany-based E.On AG (formerly VEBA AG) for a cash purchase price of
approximately $740,000,000, including the assumption of debt. Under the terms of
the agreement, Avnet, Inc. will acquire (a) the Munich, Germany-headquartered
EBV Group, comprised of EBV Elektronik and WBC, both pan-European semiconductor
distributors, and Atlas Services Europe, logistics provider for the EBV Group;
and (b) the Nettetal, Germany-based RKE Systems, a computer products and
services distributor. The combined companies being acquired from E.On AG
reported 1999 sales of approximately $1.8 billion. Completion of the acquisition
is anticipated to occur during the Registrant's fiscal quarter ended December
29, 2000, subject to receipt of necessary governmental approvals.
Item 7. Financial Statements and Exhibits.
(a) Not required.
(b) Not required.
(c) Exhibits:
Exhibit (2): Share Purchase Agreement, dated August 7, 2000, among:
Avnet, Inc., Arrow Electronics, Inc. and Cherrybright Limited and E.ON
AG and VEBA Electronics GmbH, EBV Verwaltungs GmbH i.L., Viterra
Grundstucke Verwaltungs GmbH, VEBA Electronics LLC, VEBA Electronics
Beteiligungs GmbH, VEBA Electronics (UK) Plc and Raab Karcher
Electronics Systems Plc. This exhibit does not include the exhibits and
schedules thereto as listed in the table of contents. The Registrant
undertakes to furnish any such exhibits and schedules to the Commission
upon its request.
<PAGE> 3
S I G N A T U R E
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 thereunto duly authorized.
AVNET, INC.
(Registrant)
Date: September 22, 2000 By: /s/ Raymond Sadowski
-----------------------------------
Raymond Sadowski
Senior Vice President and
Chief Financial Officer
<PAGE> 4
EXHIBIT INDEX
Exhibit Number Description of Exhibit
2 Share Purchase Agreement, dated August 7, 2000, among: Avnet,
Inc., Arrow Electronics, Inc. and Cherrybright Limited and
E.ON AG and VEBA Electronics GmbH, EBV Verwaltungs GmbH i.L.,
Viterra Grundstucke Verwaltungs GmbH, VEBA Electronics LLC,
VEBA Electronics Beteiligungs GmbH, VEBA Electronics (UK) Plc
and Raab Karcher Electronics Systems Plc. This exhibit does
not include the exhibits and schedules thereto as listed in
the table of contents. The Registrant undertakes to furnish
any such exhibits and schedules to the Commission upon its
request.
