Ingram Micro Stockholder Launches 11 Million-Share Offering
Photo: TokenPost
Ingram Micro announced Nov. 2 that its principal stockholder, Ingram Holdco, LLC, launched an 11 million-share secondary offering alongside the company’s intended repurchase of one million shares. Goldman Sachs & Co. LLC is the sole underwriter. Ingram Holdco expects to grant Goldman Sachs a 30-day option to buy about 1.65 million more shares at the public offering price, with underwriting discounts and commissions deducted. No offering price or expected closing date was provided. Ingram Micro intends to authorize a repurchase of one million shares from Goldman Sachs at the per-share price the underwriter agrees to pay Ingram Holdco.
Source: TokenPost
