Ingram Micro Announces Secondary Offering of 11 Million Common Shares
Ingram Micro Holding (INGM) has announced a secondary offering consisting of 11 million common shares. The sale is being conducted by Ingram Holdco, an affiliate of the private equity firm Platinum Equity. The offering includes a provision for underwriters to exercise a 30-day option to purchase an additional 1.65 million shares. This move represents a significant reduction in the stake held by Platinum Equity's affiliate.