We take it back; All the things about Ingram Micro being a bunch of fools. They have totally redeemed themselves.
Faced with an increasingly damaged domestic economy, Chinese companies are loading up on debt and buying Western businesses in a wild gambit for growth.
Ingram is literally cashing out on this (see their announcement and deal presentation). Not only is the Chinese company paying them $6 billion, it is nearly 40% more than their recent stock price. And Ingram's board and shareholders will have no risk of holding volatile Chinese shares, as the Chinese company is paying them all cash.
The Chinese company is paying $38.90 per share, which is far higher than Ingram's stock price since 1999 [link no longer available] during the dot.com bubble. Quite a deal if you can get it.
Chinese Buyer - Aviation
An airline company, HNA, based in Hainan, China's most southern province, is the buyer. HNA boasts [link no longer available]: