Avnet and Dätwyler bids for Premier Farnell

1/8/2016

Public acquisition

Value:

£ 691 million

Dollar value:

$ 914.204 million

Status:

Announced

Date:

1/8/2016

Overview:

Swiss manufacturer Dätwyler and US tech company Avnet have made bids for Premier Farnell.
Dätwyler bid £615 million, while Avnet bid £691 million.
Premier Farnell produces the Raspberry Pi basic PC, which is used to teach students about basic coding and computer science.

Sam Duke - Editor

Jurisdictions:

United States
Switzerland
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Technology and telecommunications

Firms:

A&O Shearman

Party: Premier Farnell (Target)

Lawyers: Annabelle Croker, Richard Browne

Gibson Dunn & Crutcher

Party: Avnet (Acquirer)

Lawyer: Barbara Becker

Slaughter and May

Party: Dätwyler (Acquirer)

Lawyer: Stephen Cooke

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