Tranche Update on Avnet, Inc.'s Equity Buyback Plan announced on August 10, 2011.
January 26, 2012 at 01:17 pm
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From October 2, 2011 to December 31, 2011, the company has repurchased 4,610,000 shares, representing 3.08% for $134.99 million. With this, the company has completed the repurchase of 8,060,000 shares, representing 5.34% for $225.79 million under the buyback announced on August 10, 2011.
Avnet, Inc. is a global electronic component technology distributor and solutions provider. The Company markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, new product introduction, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel.
AVNET, INC. 
