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Arrow Electronics completes acquisition of Converge

Wed, 06/02/2010 - 17:40 by Jaspreet Virk

Arrow Electronics, Inc. announced Tuesday that it has completed the acquisition of Converge, a leading provider of reverse logistics services.

Arrow Electronics, a global provider of electronic parts and computer products, said that the takeover is expected to be accretive to earnings by $.05 to $.10 per share annually.

The terms of the deal, which was announced in April, have yet not been divulged.

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