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.
The Chinese / Ingram Micro Deal Has A Significant Chance of Being Killed (It Was Approved)
Published Jul 19, 2016 00:28 AM
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.
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Comments (1)
JH
John Honovich
Jan 02, 2017