The Chinese / Ingram Micro Deal Has A Significant Chance of Being Killed (It Was Approved)

By: John Honovich, Published on Jul 18, 2016

A Chinese airline / shipping company buying a Western IT distributor? Sounds like a bad deal.

Nonetheless, earlier this year, Ingram negotiated a $6 billion all cash deal from the Chinese.

But now it is is trouble and, according to a China economic expert, has less than a 50% chance of closing. Inside, we provide detailed analysis of what is happening.

* ******* ******* / shipping ******* ****** * Western ** ***********? ****** **** a *** ****.

***********, ******* **** ****, ****** ********** * $* billion *** **** **** from *** *******.

*** *** ** ** is ******* ***, ********* to * ***** ******** ******, *** less **** * **% ****** of *******. ******, ** provide ******** ******** ** what ** *********.

[***************]

Report ***

*** ***********:

*** ******** ***** ******** asked *** **** ******* about ******* ******* ********** Co. ***’* ******* $* billion *********** ******** ********., ******* *** ******* buyer ** ***** * shareholder ******* ** ******* the ****.

**************

* ***** ******** ****** consulting *** **** ******** there ** **** **** a **% ****** *** deal **** ** ******, based **** ******** ** the ***** ***** **** and *** ******* ********. Unlike *** ****, ***** regulators ***** ** ********** conformity, ******* ********** **** interest *** ***** ** kill ***** ** **** judge *** ********** ** be ****, ********* ** this ******. *** **** of *** ******** ********** follows *****:

Increasing ***** ***** ******

********* ********, ******* *********** have ********* * **** loose ****** ** ******* acquisitions ***** ***** *********** of ******* ********* ****** foreign ************. ** ** *** *****, it ** ******** **** that *** ******** ******** would *********** *****.

*******, ***** *** ***** of *** ****, ** increasing ****** ** ***** have **** ****** ****** before ******* *** ***** an ********* ** ** some ***** ****** **** were **** **** ** be *********. *** *** ***** $** billion *** ** $*** billion ** ********* ***** that **** ****** *** either ********** ** ********* reasons. * ******* **** ****** will **** ************* ****** given *** ****** ** cases **** *** ********* reviewing *** **** ** we ******** ***** **** were ****** ****** **** were **** **** ** finalize * ******** *********. *** ********, ****** ****** its ******** ******** **** over **** ****** **** engaged ** * ******* war *** ********* ** regulatory ******. ** *****, **** *** rapidly ****** **** **** prevalent **** ***** *** first ** *** ****.

***** / ************* ******* ******* **********

******* ********** *** **** more ********* **** ****** of ***** *** ******* topics ** ***** ********* consider *** ****** ** the ******* ** ***** of *********. * ********** ****** **** me **** **** *** can ***** * ******** to ***** ** *** beach *** **** ***** as **** ** *** disclose **** ** *** offering ********. ******* ********** ***** ****** on ***** ****** *** a *** ** ****** of *****, *************, *** debt ******.

******'***** ****** ********* ******* were ****, **** ******* **** 12% *** *******, ******* very ***, *** **** almost ** *******. **** puts ******* ******** / negative ********* ** *** deal.

***** ******* ******* ********

*** ******* ******* ** Chinese ********** ** ****** debt ****** *** ******* outflows. **** *** ********** ** regulators *** * ***** probably ***** ******* ******** as *** ****** *******. ***** *** *** ****** of ******* ***** *** Chinese ********** *** **** walking **** ******** ***** and ***** ****** ****** of ** ************. *******, ******* ********** ********** state ****** ***** *** enormously **** ********* *** many **** *** ****** to ******** ***** **** debt ******. **** *** ****** ****** that *** ******* ********** are ******* **.

**** **** ******

***** *** *** ******* * would *** ***** ** probably ** ***** **/** chance *** **** **** be ******. ** **** ** ******* being ****** ***** **** deal **** ****, *** have ** ****** **** is *** **** **** light ****** *** * much **** ** ***** issue **** * *********** probability ** **** ****** in *** **** ***** killed.

** *** **** **** get ******, *** ******* company *** **** ** pay $*** ******* ** a ******* ***. ***** this ** * *********** sum, *** ******* *** negotiated a ******* ** ~$*.* billion ** ******'* **** stock *****. ** *** literally ** ****** ** spend $*** ******* ** get *** ** * deal **** * ******* that *** **** **** be ***** * ******* dollars **** **** **** agreed ** ***. * surreal *********.

******: *** **** *** completed.

Comments (1)

John Honovich

IPVM | 01/02/17 01:45pm

Update: The Ingram Micro deal has closed. However, according to the Financial Times: 

Any noncore acquisition worth more than $1bn will now be refused regulatory approval, according to people who have seen documents on the new rules.

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