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TableofContents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Thefollowingtablepresentsthepurchasepriceallocationforfiscal2014acquisitions:
 
 Acquisition
Method Values
(Thousands)
Cash $ 64,763 
Receivables 36,216 
Inventories 95,202 
Othercurrentassets 6,597 
Property,plantandequipmentandothernon-currentassets 28,155 
Intangibleassets 53,502
Totalidentifiableassetsacquired 284,435
  
Accountspayable,accruedliabilitiesandothercurrentliabilities   (66,848)
Short-termdebt   (45,942)
Otherlong-termliabilities  (14,535)
Totalidentifiableliabilitiesassumed  (127,325)
Netidentifiableassetsacquired 157,110 
Goodwill 62,616
Netassetsacquired $ 219,726
Goodwillof$52.0millionwasassignedtotheEMreportablesegmentandgoodwillof$10.6millionwasassignedtotheTS
reportable segment. The goodwill recognized is attributable primarily to expected synergies of the acquired businesses. The
amountofgoodwillthatisexpectedtobedeductibleforincometaxpurposesisnotmaterial.
The Company has recognized restructuring, integration and other expenses associated with fiscal 2014 and 2016
acquisitionswhicharedescribedfurtherinNote17.
Fiscal 2017 Potential Acquisition
In July 2016, subsequent to the end of fiscal 2016, the Company publicly announced an offer to acquire all of the
outstanding and to be issued share capital of Premier Farnell plc, a public limited company organized under English law, in
exchangefor£1.85pershare,representingapurchasepriceofferofapproximately£691million.
To provide financing in connection with suchoffer, in July 2016, the Company entered into a SeniorUnsecured Bridge
CreditAgreement(the“BridgeCreditAgreement”).TheBridgeCreditAgreementprovidesforasingleborrowingof(i)tranche
A-1bridgeloansofupto£557.0millionandtrancheBbridgeloansofupto$250.0million,eachwithamaturitydateof364
daysfromthedateofborrowing,and(ii)trancheA-2bridgeloansofupto£150.0million,withamaturitydateof90daysfrom
the date of borrowing. The Company’s ability to borrow under the Bridge Credit Agreement is subject to customary limited
conditionality.BorrowingsundertheBridgeCreditAgreementwillbearinterestatavariableinterestrate.
3. Derivative financial instruments
Manyof theCompany’ssubsidiariespurchaseandsell products incurrenciesotherthantheir functional currencies. This
subjectstheCompanytotherisksassociatedwithfluctuationsinforeigncurrencyexchangerates.TheCompanyreducesthisrisk
byutilizingnaturalhedging(i.e.,offsettingreceivablesandpayablesinthesameforeigncurrency)as
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