OTHER NEWS - Sept. 22, 1994

Arrow Electronics to Buy Anthem: Arrow Electronics Inc., the world’s largest electronics component distributor, said it has agreed to buy Anthem Electronics Inc. in a stock swap valued at $416.4 million, or $33.50 a share. San Jose, Calif.-based Anthem will be merged with a subsidiary of Melville, N.Y.-based Arrow. Anthem shareholders will receive 0.875 share of Arrow common stock for each of their approximately 12.4 million shares of Anthem common stock. Anthem shares closed $7.50 higher to $32.125 on volume of 529,800 shares on the New York Stock Exchange, where its 31% gain was the largest Tuesday. Arrow stock fell $1.25 to $38.375. The merger, expected to close by the end of the year, must be approved by shareholders of both companies and regulators.