Chinese Company HNA Buys Ingram Micro For $6 Billion ALL Cash
Author: John Honovich, Published on Feb 17, 2016
Ingram is literally cashing out on this (
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Comments (26)
Joe Summanen
Tonight's Powerball winner is...
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Undisclosed #1
This is the single greatest piece of news I have ever read on IPVM!
And I was this close to dumping this dog for a 2015 loss!
Thank you, again!
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Undisclosed #2
have ?
What will happen if Chinese company want to buy IPVM
John?
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Undisclosed Manufacturer #3
Arecont?
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Undisclosed Manufacturer #4
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Undisclosed Distributor #5
Ingram is a $30B supply chain company with a big international footprint. HNA 2015 revenues were $29B. I don't think the type of products that Ingram sells is important to HNA. It's probably the scalable logistics and technology. Maybe it makes more sense than it appears on the surface. Will be interesting to see what they acquire next.
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Patrick Heenan
China is releasing the balance of trade dollars they are holding to the only safe place for them --USA.
Two things occur to me:
1. the greater the investment in hard assets in the US, the harder it is to be confrontational in the world. Competitive yes, confrontational no.
2. I wonder how the US government views this acquisition with regard to the BAA & TAA purchasing rules for buying American. Will they remove Ingram Micro from their approved supplier list? What about Defense Contractors Boeing, Northrup, GE, Dell, HP etc.
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Undisclosed #1
$$ Cha-Ching-ram $$
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Undisclosed Integrator #7
When I think about it, its a bit disconcerting to think the products we purchase come from/are owned by the Chinese particularly with how invasive the products can be. For instance, Vizio TV's... anyone else feeling odd about it?
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Andrew Thomas
Our business with "D and H", US based, and employee owned is guaranteed to grow.
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Undisclosed Integrator #8
Why is there the Soviet Union flag with hammer and sickle on it, when the article is dealing with Chinese companies?
https://en.wikipedia.org/wiki/Flag_of_the_Soviet_Union
The flag of the PRC has only stars on it, no hammer and sickle: https://en.wikipedia.org/wiki/Flag_of_China
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John Honovich
Another HNA acquisition, HNA "has agreed to buy Swiss airline catering firm Gategroup Holdings for $1.5 billion in cash"
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John Honovich
Update: WSJ is reporting today that HNA is in talks to sell off Ingram Micro, just 2 and a half years later: WSJ - HNA, Under Pressure From Beijing, to Sell Its Overseas Empire
HNA has been a disaster over the last few years, with mounting losses, huge debt, their Chairman dying while taking a photograph in France, etc...
Could be a good move for Ingram and someone will get to buy them a steep discount to the $6 billion cash HNA paid.
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