Wholesale technology distributor Ingram Micro Inc. (NYSE: IM), Santa Ana, CA, has agreed to be acquired by Tianjin Tianhai Investment Company Ltd. for $38.90 per share with an equity value of $6 billion.
Ingram Micro will operate as a subsidiary of Tianjin Tianhai, consolidated under HNA Group, the largest stockholder of Tianjin Tianhai.
"As a part of HNA Group, we will have the ability to accelerate strategic investment, as we continue to capitalize on the constant evolution of technology and emerging trends by adding expertise, capabilities and geographic reach," said Ingram Micro CEO Alain Monié.
