Thursday, February 18, 2016

Ingram Micro Acquired For $6 Billion

Irvine-based computer products distributor Ingram Micro has agreed to be acquired by Chinese electronics company Tianjin Tianhai, in a deal worth approximately $6.0 billion, the company said late Wednesday evening. According to Ingram Micro, Tianjin Tianhai will pay $38.90 per share for the entire company, a premium of 39 percent over the average closing share price of Ingram Micro for the 30 trading days ended February 16, 2016. Tianjin Tianhai said that Ingram Micro is expected to remain headquartered in Irvine, with its existing executive team.