Market Overview

Ingram Micro Completes Acquisition of BrightPoint; Sees Deal Adding $0.18 to FY13 EPS; $0.35 to FY14 EPS

Share:
Related IM
Barclays Downgrades Hewlett-Packard And Ingram Micro
Worst Performing Industries For March 12, 2015
Avnet Misses on Q3 Earnings & Revenues; Outlook Cautious - Analyst Blog (Zacks)

Ingram Micro Inc. (NYSE: IM) announced today that it has completed its acquisition of Brightpoint, Inc. (Nasdaq: CELL) (BrightPoint) for $9.00 per share in cash.  The addition complements Ingram Micro's position as the world's largest technology distributor by creating a leading global provider of device lifecycle services and solutions for the mobile industry. The acquisition, initially announced on July 2, 2012, gives Ingram Micro tremendous customer reach and deep relationships with key vendors, network operators and mobile virtual network operators in the rapidly growing and strategically important mobile market. Additionally, the combined company will now benefit from the industry's broadest portfolio of products, services and solutions, as well as an expanded global geographic footprint and customer base.

Posted-In: News Guidance M&A

 

Related Articles (CELL + IM)

Around the Web, We're Loving...