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 Copyright (c) 2012 Dow Jones & Company, Inc.

Stock News for Ingram Micro A (IM)
02/10/201608:31:06Amended Statement of Ownership (sc 13g/a)
01/26/201616:40:59Amended Statement of Ownership (sc 13g/a)
01/15/201618:40:55Statement of Changes in Beneficial Ownership (4)
01/13/201608:00:00Lookout Teams with Ingram Micro to Distribute Mobile Security...
01/11/201618:03:25Statement of Changes in Beneficial Ownership (4)
01/11/201618:03:02Statement of Changes in Beneficial Ownership (4)
01/11/201618:02:32Statement of Changes in Beneficial Ownership (4)
01/11/201618:01:40Statement of Changes in Beneficial Ownership (4)
01/11/201618:01:16Statement of Changes in Beneficial Ownership (4)
01/11/201618:00:48Statement of Changes in Beneficial Ownership (4)
01/11/201618:00:21Statement of Changes in Beneficial Ownership (4)
01/11/201617:59:28Statement of Changes in Beneficial Ownership (4)
12/22/201516:16:01Current Report Filing (8-k)
12/22/201506:58:00Ingram Micro Completes Acquisition of Grupo ACAO, One of Latin...
12/21/201516:03:00Ingram Micro Completes Acquisition of Odin Service Automation...
12/21/201506:58:00Ingram Micro Completes Acquisition of e-Commerce Fulfillment...
12/17/201516:08:14Current Report Filing (8-k)
12/02/201506:59:07Ingram Micro Solidifies Leadership Position in the Cloud With...
12/01/201509:00:00Ingram Micro Executives to Present at Raymond James Technology...
11/23/201516:52:15Statement of Changes in Beneficial Ownership (4)

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations