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.
SIC Code: 5065
Industry: Business Services
WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.
Go to Search page | Go to Case Index page | Back to Top