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BrightPoint shareholders approve company’s sale

IBJ Staff
September 19, 2012
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Shareholders of BrightPoint Inc. on Wednesday voted overwhelmingly to approve the Indianapolis-based company’s sale to Ingram Micro Inc., a company spokesman said.

California-based Ingram Micro agreed in July to buy Brightpoint for about $840 million, including $190 million in debt. BrightPoint stockholders are set to receive about $9 per share in cash.

Votes representing 50.3 million shares were cast in favor of the deal, compared to 122,235 that were not.

Santa Ana-based Ingram Micro is the world's largest technology distributor and supply-chain services provider.

BrightPoint, founded in Plainfield in 1989, provides logistics to sellers of wireless devices. It has more than 1,300 employees in the Indianapolis area and about 4,000 worldwide.

BrightPoint shares are trading at $8.97, a price that has remained relatively steady following an initial surge when the deal was announced in July.

An additional vote also overwhelmingly approved a $31 million compensation agreement for six of BrightPoint's executive officers that hinges on the merger being completed. Votes representing 42.2 million shares were cast in favor of the plan compared to 5.9 million that were opposed.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

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