Avnet, Inc. Closes Tender Offer for Internix, Inc. for $80M

Avnet, Inc. (NYSE: AVT) announced today that, through its wholly-ownedsubsidiary, Memec Group Limited, it has closed the tender offer bid forInternix, Inc. (TSE: 2657). Approximately 92% percent of the outstandingshares of Internix's common stock on a fully diluted basis were validlytendered and accepted, well above the 67 percent threshold set out in theoffer document as a condition for Avnet to accept the tendered shares.Shareholders of Internix who validly tendered their shares will receive ¥655per share, which equates to an aggregate equity value of ¥6.4 billion(approximately $80 million). Avnet expects to complete the acquisition of theremaining outstanding shares and the delisting of Internix from the TokyoStock Exchange before the end of calendar year 2012.