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Chinese aviation and shipping conglomerate HNA Group is buying electronics distributor Ingram Micro for about $6 billion, the latest in a string of overseas deals by Chinese companies.
The offer of $38.90 per share from HNA unit Tianjin Tianhai Investment Co Ltd (600751.SS) represents a 31.2 percent premium to Ingram’s closing price on Wednesday.
Shares of Ingram Micro, which distributes products ranging from Apple Inc’s (AAPL.O) iPhones to Cisco’s (CSCO.O) network equipment, were trading at $36.40 in after-hours trading.