EX-5 2 a15-21956_1ex5.htm EX-5

Exhibits 5 and 23(a)

 

 

MILBANK, TWEED, HADLEY & MCCLOY LLP

 

 

 

 

 

28 LIBERTY STREET

 

LOS ANGELES

NEW YORK, N.Y. 10005-1413

BEIJING

213-892-4000

 

8610-5969-2700

FAX: 213-629-5063


FAX: 8610-5969-2707

 

 

212-530-5000

 

WASHINGTON, D.C.

 

HONG KONG

202-835-7500

FAX: 212-530-5219

852-2971-4888

FAX: 202-835-7586

 

FAX: 852-2840-0792

 

 

 

LONDON

 

SEOUL

44-20-7615-3000

 

822-6137-2600

FAX: 44-20-7615-3100

 

FAX: 822-6137-2626

 

 

 

FRANKFURT

 

SINGAPORE

49-69-71914-3400

 

65-6428-2400

FAX: 49-69-71914-3500

 

FAX: 65-6428-2500

 

 

 

MUNICH

 

TOKYO

49-89-25559-3600

 

813-5410-2801

FAX: 49-89-25559-3700

 

FAX: 813-5410-2891

 

 

 

 

 

SÃO PAULO

 

 

55-11-3927-7700

 

 

FAX: 55-11-3927-7777

 

October 29, 2015

 

Arrow Electronics, Inc.

9201 East Dry Creek Road

Centennial, Colorado, 80112

 

 

Re:

Registration Statement on Form S-8 of Arrow Electronics, Inc. Relating to the Issuance of Shares of Common Stock Pursuant to the Arrow Electronics, Inc. 2004 Omnibus Incentive Plan (as amended) (the “Plan”)

 

Ladies and Gentlemen:

 

We refer to the registration statement on Form S-8 (the “Registration Statement”) which Arrow Electronics, Inc., a New York Corporation (the “Company”), proposes to file with the Securities and Exchange Commission (the “Commission”) for the purpose of registering under the Securities Act of 1933, as amended, (the “Act”), up to 5,600,000 shares of the Company’s Common Stock, par value $1.00 per share (the “Shares”), issuable under and pursuant to the Arrow Electronics, Inc. 2004 Omnibus Incentive Plan (as amended) (the “Plan”).

 

We have examined originals, or copies certified to our satisfaction, of (i) the Registration Statement, (ii) the Plan, (iii) the forms of award agreements relating to awards to receive shares under the Plan (the “Agreements”), and (iv) such corporate records of the Company, agreements and other instruments, certificates of public officials, certificates of officers and representatives of the Company and other documents as we have deemed it necessary as a basis for the opinions hereinafter expressed. In such examination we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity with the original documents of all documents submitted to us as copies and the authenticity of the originals of such latter documents. As to various questions of fact material to such opinions we have, when relevant facts were not independently established, relied upon certifications by officers of the Company and other appropriate persons and statements contained in the Registration Statement.

 

Based upon the foregoing, and having regard to legal considerations which we deem relevant, we are of the opinion that the issuance of the Shares pursuant to the Plan has been duly authorized and, when issued and delivered upon receipt of all amounts that a Plan participant is required to pay to purchase the Shares, each in accordance with the Plan and any applicable Agreement, the Shares will have been validly issued, fully paid and non-assessable.

 

The foregoing opinion is based on and limited to the New York Business Corporation Law and we render no opinion with respect to the law of any other jurisdiction.

 

We hereby consent to the filing of this opinion as Exhibit 5 to the Registration Statement. In giving such opinion, we do not thereby admit that we are acting within the category of persons whose consent is required under Section 7 of the Act, or the rules or regulations of the Commission thereunder.

 

Very truly yours,

 

 

 

/s/ Milbank, Tweed, Hadley & MCCloy LLP

 

 

 

MILBANK, TWEED, HADLEY & MCCLOY LLP

 

 

 

JHB/JK