Monday, April 30, 2018

Ingram Micro Disputes Report Of Financing Effort

Irvine-based technology distributor Ingram Micro is disputing a report, published by Reuters on Friday, which says the company is looking for additional financing for its business, of up to $4 billion. The company said it has "more than adequate financial capacity" to support its business, and has no intention to apply for additional financing in 2018. The company emphasized its separation from Chinese conglomerate HNA Group and HNA Technology Company--which acquired Ingram Micro in 2016. HNA Group reportedly is in financial distress.