Arrow Electronics (NYSE: ARW) announced on Saturday that its affiliates would be removed from a U.S. Commerce Department blacklist. This blacklist targeted firms accused by the U.S. government of providing illicit support to Iran’s military and its proxies.
Last week, the U.S. government expanded the Commerce Department’s restrictions, affecting a number of companies. However, Arrow Electronics confirmed that its affiliates no longer fall under these sanctions and will be delisted accordingly.
https://seekingalpha.com/news/4505446-arrow-electronics-says-its-units-to-be-removed-from-u-s-restricted-entity-list?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news