Ingram Micro To Acquire BrightPoint For $9/Share

BrightPoint

agreed to be bought by Ingram Micro

for $650 million or $9 per share in cash. The deal price represents a 66% premium to BrightPoint's closing price of $5.41 on Friday. The deal is expected to close this year. BrightPoint shares closed at $5.41 on Friday, while Ingram Micro shares closed at $17.47 on Friday.