Arrow buys back $154.9 million convertibles

New York, Nov. 13 - Arrow Electronics, Inc. said it bought back $154.9 million accreted amount of its zero-coupon convertible debentures due 2021 during the third quarter.

The Melville, N.Y. electronic components distributor said in a filing with the Securities and Exchange Commission that it recorded a loss of $3.3 million on the repurchase.

The convertibles are putable in February 2006.

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