Reported Earlier, Platinum Equity Affiliate Sells 11M Ingram Micro Shares At $25.90 Each In Secondary Offering; Company Will Repurchase 1M Shares From Underwriter
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Why It Matters
Ingram Micro's owner sold 11 million shares at $25.90 each. The company bought back 1 million shares, which shows they think the stock is fairly priced.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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