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Arrow of Melville seeks to buy Japanese firm

The Arrow Electronics building in Melville (June 3,

The Arrow Electronics building in Melville (June 3, 2004) Photo Credit: Newsday, 2004 / Michael E. Ach

The technology distributor Arrow Electronics, of Melville, has made an offer to buy the Japanese retail sales company Chip One Stop.

Arrow's Japanese unit made the offer for Chip One Stop, which sells online.

The offer is valid between Aug. 9 and Sept. 20, Arrow said.

Chip One Stop's international website, which displays in English, offers semiconductors, computer cables, repair parts and numerous other items. The Internet site also hosts product lines for Kyocera and other original equipment makers.

Arrow, an electronics wholesaler founded in 1935, has a market capitalization of $4.2 billion and employs about 12,700 workers. It had net income of $568.9 million on sales of $20.66 billion in the past year.

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