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

Reuters
31 Oct 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

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

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