Avnet Inc. has announced its intention to repurchase shares of its common stock in a transaction valued up to approximately $100.0 million. This buyback is part of Avnet's existing share repurchase program and will be conducted concurrently with the pricing of a new offering. The company aims to complete the repurchase through privately negotiated transactions facilitated by one or more initial purchasers or their affiliates. The repurchase may impact the trading price of Avnet's common stock, potentially resulting in a higher initial conversion price for newly offered Notes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avnet Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250901796244) on September 02, 2025, and is solely responsible for the information contained therein.