US Antitrust Officers Approve Ingram Deal

The sale of Ingram Micro to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has been cleared by the US antitrust authorities. Although the deal has already been cleared elsewhere, the US officials have not approved of other deals with Chinese companies in the past, citing national security, so this is a big move forward. The merger still has to get past the Chinese State Administration of Foreign Exchange but Ingram is confident that the deal will be completed in 2016.