Ingram Micro Holding Corporation Announces Launch of Secondary Offering of $330 Million of Common Stock by its Principal Stockholder and a Concurrent Stock Repurchase
Platinum Equity, Ingram Micro's principal stockholder, commenced a $330M secondary offering of common stock, with a 30-day option for underwriters to purchase an additional $45M. Ingram Micro is not offering any shares in the Offering and will not receive any proceeds, but it expects to authorize a concurrent $30M repurchase from the underwriters.
Key figures
- Deal Value Usd
- 330000000
- Greenshoe option
- $45 million
- Concurrent repurchase
- $30 million
- Secondary offering size
- $330 million
- Remaining buyback capacity
- $70 million
AI analysis
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