December 25, 1997 |
Ingram Micro Inc. said Wednesday it has completed its purchase of a minority stake in a Singapore company that distributes electronics components. Ingram, the world's biggest wholesale computer parts distributor, owns 21% of Electronic Resources Ltd.'s stock, or 50 million shares. The Orange County firm, which picked up the stock for an estimated $66.8 million to help solidify its presence in the Asian market, has an option to buy an additional 8.
February 23, 1999 |
Santa Ana-based Ingram Micro Inc. said Monday it had completed its bid for control of a Singapore electronics distribution company, paying $232 million for 74.2% of Electronic Resources Ltd. The offer brings Ingram's overall investment in the company to $303 million and increases its stake in the firm to 95.1%, giving it a toehold in Asia's relatively undeveloped technology distribution. More than a year ago, Ingram Micro acquired 20.
September 28, 1998 |
It wasn't long ago that David Beatson's Asian competitors were flush with cash and flaunting their ambitions of global glory. Now, his San Francisco-based freight company has bought control of one of them and doubled his business. For a fast-growing number of U.S. companies, that's the silver lining in the Asian financial crisis--one that holds the prospect of dramatic long-term changes in Asia's connections to the rest of the world. For U.S.