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

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 gear as well. The electronics distributor also supports...