Bloomberg

(Bloomberg) -- Daetwyler Holding AG agreed to buy Premier Farnell Plc in a deal giving the distributor of electronics an enterprise value of 1.09 billion Swiss francs ($1.1 billion).

Investors would get 165 pence in cash for each Premier Farnell share, the companies said in a statement Tuesday. That’s 51 percent higher than Monday’s closing price.

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net. To contact the editor responsible for this story: Matthew Boyle at mboyle20@bloomberg.net.

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