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BrightPoint, Inc. Summary: According to the complaint, On July 2, 2012, BrightPoint announced that the Company had entered into a definitive Agreement and Plan of Merger, dated June 29, 2012 under which affiliates of Ingram will acquire all of the outstanding stock of BrightPoint, in a transaction valued at approximately $840 million, including the assumption of BrightPoint's outstanding debt. The announcement stated that the Proposed Transaction is expected to close before the end of the year.
Under the terms of the Agreement, stockholders will receive $9.00 cash per share for all outstanding shares of the Company's common stock. Ingram has obtained a commitment for a $300 million debt facility from Morgan Stanley Senior Funding, Inc.
On July 19, 2012, BrightPoint filed its preliminary Schedule 14A with the Securities and Exchange Commission which once declared effective, will solicit Company shareholders to vote to approve the Proposed Transaction. However, the Complaint alleges that the Proxy Statement is replete with material omissions and misstatements.
INDUSTRY CLASSIFICATION:
SIC Code: 5065
Sector: Services
Industry: Business Services
| COMPANY/ISSUER NAME: | BrightPoint, Inc. |
| COMPANY/ISSUER TICKER: | CELL |
| COMPANY WEBSITE: | http://www.brightpoint.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Robert Collier, et al. v. BrightPoint, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint For Violation Of Sections 14(a) and (e) and 20(a) of The Securities Exchange Act Of 1934 | |||
| Type: Complaint | Date on the document: 07/24/2012 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 07/31/2012 | ||
| Order Granting Emergency Motion to Stay Discovery Pending Adjudication of Motion for a Protective Order | |||
| Type: Order | Date on the document: 02/15/2013 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 02/22/2013 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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