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Company Statement: Arrow Electronics signs definitive agreement to acquire LOGIX S.A. from Groupe OPEN

( February 25, 2008, 23:40 GMT | Official Statement) -- ****************************************MELVILLE, N.Y.--Arrow Electronics, Inc. (NYSE:ARW) today announced that its proposed acquisition of LOGIX S.A. ("LOGIX"), a subsidiary of Groupe OPEN, was approved by the LOGIX works council and the company has signed a definitive agreement pursuant to which Arrow will purchase 100 percent of the shares of LOGIX. Arrow anticipates the acquisition will be immediately accretive to earnings by $.02 to $.04 in the first 12 months. The transaction is subject to customary European Union competition clearance....

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