Switzerland's Daetwlyler on Tuesday cast aside worries surrounding a possible British retreat from the European Union by striking a £792 million ($1.1 billion) deal to buy electronics distributor Premier Farnell, of the U.K.. Daetwyler agreed to pay 165 pence in cash for the stock, which values the equity at £615 million, or 51% more than it was worth at Monday's close.
Switzerland's Daetwyler Defies Brexit Worries To Scoop Up Premier Farnell
twocents@thestreet.com (Laura Board), The Street
Tue, 06/14/2016 - 7:48am
Topics: switzerland's daetwlyler on tuesday british london-listed zurich sfr138.10 leeds england raspberry pi in february akron brass idex march jos opdeweegh neovia logistics caterpillar the premier farnell valerie gooding dealogic ltd germany austria sfr50 sfr70 the lazard nicholas shott cyrus kapadia vasco litchfield eugene schreider barclays's mark astaire nicola tennent richard bassingthwaighte ubs jonathan rowley martin kesselring jean-baptiste petard sandip dhillon cat industrial european union premier farnell u.k daetwyler london sfr2 lazard june u.s click worries company million billion agreed shares shareholders business stock market buy owning cash companies pence target year vote advisers support
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