Ingram Micro Inc. To Be Acquired By Tianjin Tianhai For $6B

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Mani
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Ingram Micro

Ingram Micro Inc. (NYSE:IM) has reached an agreement with China’s Tianjin Tianhai Investment for $38.90 a share in cash as the Chinese company aims to gain a stronger foothold in high-growth emerging markets through Ingram’s large international presence. The proposed transaction has been unanimously approved by both Ingram Micro’s and Tianjin Tianhai’s boards of directors and is expected to be completed in the second half of the year. Tianjin Tianhai to acquire Ingram Micro at 31.2% premium U.S. networking supplier Ingram Micro distributes products ranging from Apple’s iPhones to Cisco Systems’ networking equipment. The company is a leading behind-the-scenes distributor for IT…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports