Ingram Micro extends date of merger with Tianjin TianhaiStaff Writer | November 12, 2016
Ingram Micro said that the End Date by which the acquisition of Ingram Micro by Tianjin Tianhai Investment Company must be completed has been extended to December 15, 2016.
Merger Ingram Micro will become a part of HNA Group
The extension is to allow for satisfaction of the remaining closing conditions under the merger agreement, including receipt of approval from China's State Administration of Foreign Exchange (SAFE).
Ingram Micro and Tianjin Tianhai continue to expect closing of the transaction to occur in 2016 as previously announced.
Upon completion of the transaction, Ingram Micro will become a part of HNA Group, a Hainan-based Fortune Global 500 company. ■