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China's Tianjin Tianhai to buy Ingram Micro for $6 billion

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Reuters
Last Updated : Feb 18 2016 | 3:22 AM IST

(Reuters) - Electronics distributor Ingram Micro Inc said China's Tianjin Tianhai Investment Co Ltd will acquire the company for about $6 billion.

The offer of $38.90 per share represents a 31.2 percent premium to Ingram's closing price on Wednesday.

(Reporting by Sai Sachin R in Bengaluru; Editing by Saumyadeb Chakrabarty)

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First Published: Feb 18 2016 | 3:08 AM IST

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