Ingram Micro has extended the “end date” by which it can be acquired by China’s Tianjin Tianhai Investment Company.
The end date has been been put back to 15 December 2016, but that still ties in with the distie’s previous commitment of doing the deed before the end of the year.
This will allow for the satisfaction of the remaining closing conditions under the merger agreement, including receipt of approval from China’s State Administration of Foreign Exchange (SAFE).
Upon completion of the transaction, Ingram Micro will become a part of HNA Group, a Hainan-based Fortune Global 500 company, which wants to use Ingram to boost its logistics business reach, as well as expand in the technology distribution business.
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