Howard G. Smith Investigating On Behalf of Shareholders of Bell Micro

Law Offices of Howard G. Smith is investigating potential claims against the board of directors of Bell Microproducts, Inc. related to the Company’s agreement to be acquired by Avnet, Inc. The proposed, all-cash transaction is valued at approximately $594 million, including assumed debt.

Under the terms of the definitive agreement entered into by the parties, Bell shareholders will receive $7.00 cash for each share of Bell common stock they own. Upon completion of the merger, Bell will become a wholly owned subsidiary of Avnet. The transaction is expected to close in 60 to 120 days. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Bell’s board of directors.