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Ingram Micro trends upward despite Cfius warning

Aug 12, 2016 - The Deal Pipeline

Shares of Ingram Micro Inc. (IM) continued upward Friday despite the warning a day earlier that its $6 billion takeover by China's Tianjin Tianhai Investment Co. Ltd. is undergoing scrutiny by U.S. national security regulators.   The investigation by the Treasury Department-led Committee on Foreign Investment in the U.S. will prevent the deal from closing by the Aug. 15 target date. Ingram Micro's share price initially fell on Thursday's news, dropping from an opening price o...