FTC Approves German Firm’s Acquisition of Wyle Electronics

The Federal Trade Commission has cleared the acquisition of Wyle Electronics, a major semiconductor and computer parts distributor, by German industrial concern Veba AG, the companies said Tuesday.

Veba, which is offering to acquire Wyle common stock for $50 a share, expects to complete the acquisition next month.

Wyle, a major distributor of semiconductor and computer parts and one of Orange County’s largest publicly traded companies, would become a unit of Veba’s Raab Karcher subsidiary. But the company will retain its name, its current headquarters and work force.