ADVFN - Advanced Financial Network.
HOME» NYSE » I » IM Stock Price » IM Stock News

Ingram Micro A Share News

 Ingram Micro Inc. Stock Price
IM Stock Price
 Ingram Micro Inc. Stock Chart
IM Stock Chart
 Ingram Micro Inc. Stock News
IM Stock News
 Ingram Micro Inc. Company Information
IM Company Information
 Ingram Micro Inc. Stock Trades
IM Stock Trades

Ingram Micro to Buy Brightpoint for $622 Million

Supply-chain-services provider Ingram Micro Inc. (IM) agreed to acquire wireless-equipment provider Brightpoint Inc. (CELL) for roughly $622 million as it looks to expand in the mobility market. Ingram will pay $9 a share, a 66% premium to Brightpoint's Friday close. Brightpoint shares surged 61% to $8.72 premarket. Brightpoint, which provides life-cycle services to wireless devices, had 69.1 million shares outstanding as of April 23. Ingram Micro, which expects to close the deal in the third quarter, said buying BrightPoint will create "a leading global provider of device lifecycle services and solutions for the mobility industry." Ingram Micro said it will realize annual cost synergies and efficiencies of more than $55 million by 2014, and expects the deal to add at least 18 cents to adjusted per-share earnings in 2013 and 35 cents in 2014. Separately, Brightpoint withdrew its full-year earnings guidance and forecast a second-quarter loss from continuing operations of two cents a share on revenue between $1.25 billion and $1.35 billion. Analysts surveyed by Thomson Reuters were expecting per-share earnings of 22 cents on $1.41 billion in revenue. Ingram Micro's shares closed Friday at $17.47 and were inactive premarket. The stock is down 6% in the last three months. Write to Chelsea Stevenson at chelsea.stevenson@dowjones.com Copyright (c) 2012 Dow Jones & Company, Inc.

Stock News for Ingram Micro A (IM)
DateTimeHeadline
04/20/201506:02:44Proxy Statement (definitive) (def 14a)
04/16/201517:30:49Current Report Filing (8-k)
04/02/201511:40:26Statement of Changes in Beneficial Ownership (4)
03/31/201503:00:45Ingram Micro Expands Global Footprint With Cloud Marketplace...
03/30/201501:45:50Imtech receives intention to award from Alliander for 'Smart...
03/30/201501:31:14Imtech publishes agenda for Annual General Meeting 2015
03/24/201516:03:00Ingram Micro Names Scott Sherman Executive Vice President, Human...
03/18/201509:00:00Tech Data Announces Sale of Its Operations in Chile and Peru
03/18/201509:00:00Ingram Micro Expands Its Reach In Fast-Growing, High-Value Latin...
03/18/201501:58:54Royal Imtech publishes fourth quarter and full year 2014 results
03/02/201517:37:00Ingram Micro Strengthens Position as Leading Global Repairs and...
03/02/201503:01:00Ingram Micro Strengthens Position as Leading Global Repairs and...
02/27/201506:04:03Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
02/26/201520:20:12Ingram Micro's (IM) CEO Alain Monié on Q4 2014 Results - Earnings...
02/26/201516:10:04Current Report Filing (8-k)
02/26/201516:03:00Ingram Micro Reports Fourth Quarter Earnings
02/13/201510:18:33Amended Statement of Ownership (sc 13g/a)
02/12/201510:51:31Amended Statement of Ownership (sc 13g/a)
02/10/201512:38:18Amended Statement of Ownership (sc 13g/a)
02/04/201509:45:26Update by Imtech on GRC issue

Ingram Micro A and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad