German Company Buys Wyle Electronics
(Times Staff and Wire Reports)
IRVINE —
German industrial firm Raab Karcher said Wednesday it has completed its acquisition of Wyle Electronics, a major semiconductor and computer parts distributor.
Raab paid $50 a share for Wyle’s common stock.
Wyle will merge with Raab unit EBV Electronics Inc., but retains its name as well as its current headquarters in Irvine and its work force.
In a separate announcement, the New York Stock Exchange said it suspended trading of Wyle stock as a result of the transaction. The exchange said it will file with the Securities and Exchange Commission to delist the issue.
