Ingram Micro Investor Seeks To Halt China's HNA Group $6B Aquisition By Matt Chiappardi
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.