Electronic Resources Ltd

Ingram Micro Inc., moving to solidify its presence in the Asian market, said Monday it will pay an estimated $66.8 million for a minority stake in a Singapore company that distributes electronics components. Ingram, the world's biggest wholesale computer parts distributor, will pick up 21% of Electronic Resources Ltd.'s stock, or 50 million shares. The Orange County company has an option to buy another 8.4% of Electronic Resources' shares by April 1999, Ingram officials said.

In a move that increases its presence in Asia while taking advantage of relatively low stock prices, Santa Ana-based Ingram Micro Inc. said it has submitted a bid to buy a Singapore electronics distribution company. The offer to buy Electronic Resources Ltd., if fully exercised, would cost $220 million. Ingram said it paid $50.1 million, or $1.18 a share, for an 18.7% stake in Electronic Resources, a computer distributor that is particularly strong in China, Malaysia and Singapore.

In a move that increases its presence in Asia while taking advantage of relatively low stock prices, Santa Ana-based Ingram Micro Inc. said it has submitted a bid to buy a Singapore electronics distribution company. The offer to buy Electronic Resources Ltd., if fully exercised, would cost $220 million. Ingram said it paid $50.1 million, or $1.18 a share, for an 18.7% stake in Electronic Resources, a computer distributor that is particularly strong in China, Malaysia and Singapore.

Ingram Micro Inc., moving to solidify its presence in the Asian market, said Monday it will pay an estimated $66.8 million for a minority stake in a Singapore company that distributes electronics components. Ingram, the world's biggest wholesale computer parts distributor, will pick up 21% of Electronic Resources Ltd.'s stock, or 50 million shares. The Orange County company has an option to buy another 8.4% of Electronic Resources' shares by April 1999, Ingram officials said.

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.

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.

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.