NEW YORK (Standard&Poor's CreditWire) Aug. 7, 2000--Standard&Poor's today placed Arrow Electronics Inc.'s triple-'B'-plus senior unsecured debt, bank loan and corporate credit ratings on CreditWatch with negative implications. At the same time it affirmed the A-2 short-term corporate credit and commercial paper ratings. The CreditWatch reflects the announced agreement for Melville, N.Y.-based Arrow to acquire the Wyle Components and Wyle Systems units from Germany-based VEBA Electronics Group. The units had combined 1999 sales in North America of about $2 billion. The purchase price is $840 million, including the assumption of debt. Arrow plans to finance the purchase through a combination of debt, common equity, and equity-linked securities. While the businesses are expected to complement existing operations and
