Ingram Micro to Be Acquired by China’s HNA Group for $6B in Cash

February 18, 2016 8:10 AM

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Ingram Micro to Be Acquired by China’s HNA Group for $6B in Cash

Ingram Micro would be folded into HNA Group, a large conglomerate that counts Hainan Airlines as one of its subsidiaries.

IRVINE, Calif. — Ingram Micro, the wholesale networking and software distributor, agreed to be acquired by China’s Tianjin Tianhai Investment Co. for $38.90 a share in cash, or an equity value of $6 billion.

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