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BUZZ-Premier Farnell: shares fall as Daetwyler steps away

Reuters - UK Focus

(Amends 5th bullet: PFL up ~75%, not 14%, since Daetwyler's first offer)

** Premier Farnell (LSE: PFL.L - news) -3.7 pct after Daetwyler says has no intention to make a higher bid for Raspberry Pi maker, dousing hopes of a bidding war with U.S (Other OTC: UBGXF - news) . rival Avnet (NYSE: AVT - news)

** Avnet last month approached Premier (BSE: 500540.BO - news) with 185p/shr cash offer, trumping Daetwyler 165p/shr offer and winning the support of Premier's board

** Daetwyler says terms of previous offer final and offer to lapse on Aug. 21

** Worst day for Premier since July 28 & more than 1/5 of 30-day avg vols traded by 0730 GMT

** Up to Wednesday's close, Premier up c.75 pct since Daetwyler first made an offer on June 14 (RM (LSE: RM.L - news) :sanjeeban.sarkar.thomsonreuters.com@reuters.net)