(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 firstname.lastname@example.org. To contact the editor responsible for this story: Matthew Boyle at email@example.com.
©2016 Bloomberg L.P.