Ingram Micro Agrees to Acquire BrightPoint for $840 Million
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Ingram Micro Inc., the world’s largest technology distributor, agreed to acquire BrightPoint Inc. for about $840 million, including debt, to expand its reach as a provider of mobile products and services.
The deal values BrightPoint, a distributor of mobile devices for phone companies, at $9 a share, representing a 66 percent premium to the company’s closing price on June 29. The transaction includes about $190 million of BrightPoint’s estimated debt, net of cash, as of June 30, the companies said in a statement today.