Tranche Update on Avnet, Inc.'s Equity Buyback Plan announced on August 10, 2011.
January 26, 2017 at 07:05 am
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From October 2, 2016 to December 31, 2016, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 31,368,116 shares, representing 22.3% for $1,074.91 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. 
