Ingram Micro Investor Seeks To Halt China's HNA Group $6B Aquisition

  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 2toner1-2
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • banner-01-26-17b
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • 161213_banner_futorag_902x177px
  • 4toner4
  • Print
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • futor_902x177v7-tonernew
Share

Ingram Micro Investor Seeks To Halt China's HNA Group $6B Aquisition

 news 2016-05-26 at 12:27:19 pm Views: 259
  • #45872

    Ingram Micro Investor Seeks To Halt China's HNA Group $6B Aquisition
    By Matt Chiappardi
    China's HNA Group, of Hainan Airlines, invests in Africa World ...

    Law360, Wilmington (May 25, 2016, 8:09 PM ET) — An investor in Ingram Micro Inc. on Wednesday launched a putative class action in the Delaware Chancery Court, seeking to halt a proposed $6 billion merger with a unit of HNA Group Co. Ltd., arguing that the board locked in a lowball deal despite interest from another suitor possibly willing to beat it.

    Ingram Micro shareholder Jacob Scheiner argues that the electronics distributor’s board used standstill agreements with a so-called don’t ask, don’t waive provision — a deal-protection clause that prevents suitors that signed confidentiality agreements…
    http://www.law360.com/classaction/articles/800545?nl_pk=e61e1934-e3ba-4c2d-abe5-13db16369ae8&utm_source=newsletter&utm_medium=email&utm_campaign=classaction

    You Will have to register to read the rest of the story