InfoAnda - Ingram boosts mobility business with BrightPoint buy |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US names NKorea human rights envoy | 26 September 2009
U.S. and North Korea start talks with eye on nuclear progress | | 29 July 2011
Philippine rep resigns after drug sentence in HK | 2 March 2011

Iraq parliament speaker quits, troops impasse ends | 24 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : Ingram boosts mobility business with BrightPoint buy |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Iran threatens Israel; new EU sanctions take force 01 Jul 2012 Pressure mounts on Barclays' Diamond over Libor scandal | 12:24pm EDT Rise in sea level can't be stopped, scientists say 01 Jul 2012 Mormons quit church in mass resignation ceremony 30 Jun 2012 GlaxoSmithKline settles healthcare fraud case for $3 billion 11:42am EDT Discussed 235 Supreme Court to deliver Obama healthcare law ruling 79 Analysis: Why Roberts saved Obama’s healthcare law 70 Ruling ups support for Obama healthcare, still unpopular Watched Working outdoors from inside your office Sun, Jul 1 2012 Spirits high in debt-stricken Spain after win Sun, Jul 1 2012 Spanish team homeward bound 9:43am EDT Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Raging wildfires Raging fires strike Colorado and Utah. Slideshow Kung Fu academy Aspiring Kung Fu martial artists from all over the world train at a family-run school in Beijing. Slideshow Ingram boosts mobility business with BrightPoint buy Tweet Share this Email Print Related News UPDATE 1-Deals of the day -- mergers and acquisitions 9:37am EDT Ingram boosts mobility business with BrightPoint buy 7:50am EDT Ingram Micro to buy BrightPoint for $650 million 2:22am EDT Analysis & Opinion Nokia retains the power to shock Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » By Sayantani Ghosh Mon Jul 2, 2012 11:21am EDT (Reuters) - Technology distributor Ingram Micro Inc will buy smaller rival BrightPoint Inc for about $650 million in cash in its biggest deal ever, to expand in the higher-margin mobile devices market as demand for personal computers declines. BrightPoint's shares jumped 64 percent to $8.88 in morning trading - just short of the 66 percent premium offered by Ingram - making them the top gainer on the Nasdaq. The steep premium indicates the price technology products distributors are willing to pay as they explore newer markets, faced with dwindling PC sales and sluggish global IT spending. "We were not surprised by Ingram's announcement, since new CEO Alain Monie has indicated his intent for the distributor to expand further into the mobility-distribution space," Stifel Nicolaus said in a note to clients. BrightPoint distributes mobile phones and other wireless devices sold by companies such as Apple Inc, LG Electronics Inc and Nokia Oyj to customers, which include Sprint Nextel Corp, Vodafone Group Plc and RadioShack Corp. Ingram is paying 10 times Brightpoint's expected 2012 earnings — nearly double the company's current multiple. The deal is likely to boost Ingram's margins, which according to Thomson Reuters StarMine have remained flat at around 5.5 percent in the past few years. BrightPoint had gross margins of 7.2 percent in 2011. "Expanding our presence in the mobility market has been a focus of Ingram Micro and the acquisition of BrightPoint accomplishes this to an extent that would have been challenging to achieve on our own," CEO Monie said in a statement. The acquisition will help Ingram better compete with Tech Data Corp, which has a strong presence in Europe through a joint venture with privately held BrightStar Corp. The deal, valued at about $840 million including about $190 million of BrightPoint's debt, will add 18 cents per share to Ingram's 2013 profit and 35 cents per share in 2014, the companies said. Credit Suisse, which raised its price target on BrightPoint by $1 to $9 reflecting Ingram's per-share offer, said the deal was complementary to Ingram's existing offerings. DEAL RUSH With PCs losing ground to smartphones and tablets, companies such as Ingram Micro and Arrow Electronics Inc have been looking to expand in new growth areas. Arrow said in April it would buy Altimate, a distributor of computing products and services, to expand in Europe - its third acquisition this year. Avnet Inc said on Monday it would buy a European distributor of data center services, Magirus Group, for an undisclosed amount. BrightPoint, which operates in more than 35 countries, had revenue of about $5.2 billion in 2011. Ingram Micro will fund the deal with existing credit facilities and cash on hand, and has obtained a commitment for a $300 million debt facility from Morgan Stanley Senior Funding. Morgan Stanley & Co LLC acted as financial adviser to Ingram, while Blackstone Advisory Partners advised BrightPoint. If Brightpoint terminates the deal, it will have to pay Ingram $26 million. Ingram expects more than $55 million in annual cost savings by 2014 from the acquisition. (Reporting by Bijoy Koyitty and Sayantani Ghosh in Bangalore; Editing by Mark Potter, Roshni Menon, Saumyadeb Chakrabarty) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 2 July 2012
Iran threatens Israel; new EU sanctions take force |
Attacks on Kenyan churches kill 17 |
Senegal's Sall seeks to bolster rule in polls |
Crowds protest in Hong Kong as Hu anoints leader |
Two killed in Yemen as army pursues militants |
Protesters storm Libya election office in Benghazi |
Actor Alec Baldwin weds Hilaria Thomas in NY |
Mexico's old rulers claim presidential election victory |
Exclusive: U.N. drops Saudi dissident from al Qaeda blacklist |
Arms trade treaty negotiations begin, Syria casts shadow |
Analysis: Political taboos on the line as UK seeks to re-start growth |
Four foreign aid workers rescued in Somalia |
Analysis: Mexico's creaky economy to test Pena Nieto's ambitions |
Tokyo declaration to push donors, Afghanistan to make better use of aid |
Myanmar arrests 30 over killing of 10 Muslims |
Revolt in Japan ruling party, but government keeps majority |
Apple pays $60 million to settle China iPad trademark dispute |
Sony unit to buy U.S. game firm Gaikai for $380 million |
Ingram Micro to buy BrightPoint for $650 million |
Brown, Beyonce win top BET Awards, Houston in spotlight |
Rupert Murdoch labels Scientology very weird cult |
Marcus Jordan, son of NBA legend, arrested in Omaha |
Syria helicopters strike Damascus suburb; diplomacy stalled |
Mexico's old rulers claim presidential election victory |
Iran drafts bill to block Hormuz for Gulf oil tankers |
Attackers kill nine in Nigeria militant hometown: army |
Iranians feel the pain as West tightens sanctions |
Mugabe Singapore trip raises more health questions |
Pope appoints German to lead doctrinal office |
U.N. confirms Saudi dissident, his group off al Qaeda list |
Libya frees detained ICC staff after apology |
Egypt's new president faces burden of expectation |
Dell to buy Quest Software for $2.4 billion |
Ingram boosts mobility business with BrightPoint buy |
Micron to buy Japanese chip maker Elpida |
Telcos back Firefox phone platform to rival Android |
China's Kada seeks brand recognition via AIM listing |
Intel sells stake in CEE unit Netretail |
British album sales fall 14 percent yr-on-yr in first half of 2012 |
Edinburgh film fest lauds riot doc & China's Mao Mao |
London play on Iraq aims to get behind the headlines |
Marcus Jordan, son of NBA legend, arrested in Omaha |
Quincy Jones brings jazz prodigies to Montreux stage |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01