Tuesday, December 6, 2016

Ingram Micro Acquired By HNA Group In $6 Billion Deal

Irvine-based Ingram Micro and Chinese company HNA Group said this morning that the $6 billion acquisition of Ingram Micro by HNA Group's subsidiary, Tianjian Tianhai Investment Company, Ltd., has completed. Tianjin paid $38.90 per share in cash for Ingram Micro. The deal had been announced earlier. Ingram Micro will stop trading on the New York Stock Exchange before the market opens today. The two said that Ingram Micro will remain headquartered in Irvine, California and will continue to be led by CEO Alan Monie. Ingram Micro is a major distributor of computer products and components.