BRIEF-Arrow Electronics Inc - Announced A Multi-Year Restructuring Plan

Reuters

Oct 31, 2024

Oct 31 (Reuters) - Arrow Electronics Inc :

* ARROW ELECTRONICS INC - ANNOUNCED A MULTI-YEAR RESTRUCTURING PLAN

* ARROW ELECTRONICS INC - EXPECTS TO INCUR PRE-TAX RESTRUCTURING CHARGES OF ABOUT $185 MILLION

* ARROW ELECTRONICS INC - EXPECTS TO SUBSTANTIALLY COMPLETE PLAN BY END OF FISCAL YEAR 2026

* ARROW ELECTRONICS - PLAN TO REORGANIZING AND CONSOLIDATING CERTAIN AREAS OF CO'S OPERATIONS TO CENTRALIZE FUNCTIONS AND STREAMLINE RESOURCES

* ARROW ELECTRONICS INC - PLAN IS DESIGNED TO IMPROVE OPERATIONAL EFFICIENCY THROUGH REDUCING THIRD-PARTY SPENDING

* ARROW ELECTRONICS-PLAN TO WINDING DOWN CERTAIN NON-CORE BUSINESSES THAT ARE NOT ALIGNED WITH STRATEGIC OBJECTIVES

* ARROW ELECTRONICS INC - PLAN IS DESIGNED TO IMPROVE OPERATIONAL EFFICIENCY THROUGH CONSOLIDATING GLOBAL REAL ESTATE FOOTPRINT

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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Announced A Multi-Year Restructuring Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-10-31 20:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Oct 31 (Reuters) - Arrow Electronics Inc   :</p><p>   * ARROW ELECTRONICS INC - ANNOUNCED A MULTI-YEAR RESTRUCTURING PLAN</p><p>   * ARROW ELECTRONICS INC - EXPECTS TO INCUR PRE-TAX RESTRUCTURING CHARGES OF ABOUT $185 MILLION</p><p>   * ARROW ELECTRONICS INC - EXPECTS TO SUBSTANTIALLY COMPLETE PLAN BY END OF FISCAL YEAR 2026</p><p>   * ARROW ELECTRONICS - PLAN TO REORGANIZING AND CONSOLIDATING CERTAIN AREAS OF CO'S OPERATIONS TO CENTRALIZE FUNCTIONS AND STREAMLINE RESOURCES</p><p>   * ARROW ELECTRONICS INC -  PLAN IS DESIGNED TO IMPROVE OPERATIONAL EFFICIENCY THROUGH REDUCING THIRD-PARTY SPENDING</p><p>   * ARROW ELECTRONICS-PLAN TO WINDING DOWN CERTAIN NON-CORE BUSINESSES THAT ARE NOT ALIGNED WITH STRATEGIC OBJECTIVES</p><p>   * ARROW ELECTRONICS INC - PLAN IS DESIGNED TO IMPROVE OPERATIONAL EFFICIENCY THROUGH CONSOLIDATING GLOBAL REAL ESTATE FOOTPRINT</p><p>Source text:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1839511570.USD","symbol_name":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2479864290","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479864290","pubTimestamp":1730378005,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Oct 31  - 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