Brief: Arrow Electronics Inc - Announced A Multi-Year Restructuring Plan

Arrow Electronics

31/10/2024 12:33

Oct 31 (Reuters) - Arrow Electronics Inc  ARW.N :
    * 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:  ID:n0001894806-24-000004 
Further company coverage:  ARW.N 

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