Investigation Overview
February 22, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Ingram Micro Inc. (NYSE:IM), was announced concerning whether the takeover of Ingram Micro Inc. by Tianjin Tianhai Investment Company for $38.90 per share is unfair to NYSE:IM stockholders.
The investigation by a law firm concerns whether certain officers and directors of Ingram Micro Inc. breached their fiduciary duties owed to NYSE:IM investors in connection with the proposed acquisition.
On February 17, 2016, Ingram Micro Inc. (NYSE: IM) and Tianjin Tianhai Investment Company, Ltd. announced that they have entered into a merger agreement under which Tianjin Tianhai will acquire Ingram Micro for $38.90 per share in an all-cash transaction with an equity value of approximately $6.0 billion.
However, the investigation concerns whether the offer is unfair to NYSE:IM stockholders. More specifically, the investigation concerns whether the Ingram Micro Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Ingram Micro Inc. reported that its Total Revenue rose from over $36.32 billion for the 52 weeks period that ended on December 31, 2011 to over $46.48 billion for the 53 weeks period that ended on January 3, 2015.