Avnet holders put $298 million 2% convertibles

By Susanna Moon

Chicago, March 17 - Avnet, Inc. said holders surrendered for purchase $298.06 million principal amount of the company's 2% convertible senior debentures due 2034.

The put option expired at 5 p.m. ET on March 13.

Avent said it paid par for the notes.

Following the purchase, $1.94 million principal amount of the notes remains outstanding.

Questions may be directed to Bank of New York Mellon Corp. (Attn: Joseph Lynch at 212 815-5076).

Avnet is a Phoenix, Ariz., distributor of electronic components, enterprise network and computer equipment and embedded subsystems.

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