Avnet, Inc. Completes the Acquisition of Bell Microproducts Inc

Avnet, Inc. announced today that it has completed its acquisition of Bell Microproducts Inc. ("Bell Micro") in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $631 million assuming a net debt position for Bell Micro of $379 million at face value as of March 31, 2010.

The acquisition was approved by Bell Micro shareholders representing over 98% of the votes cast and has received all required regulatory approvals. The transaction is expected to be immediately accretive to earnings excluding integration and transaction costs.