Ingram Micro (INGM) priced a public offering of 11 million common shares by existing stockholder Ingram Holdco at $25.90 each, the company said late Monday.
The underwriters were granted a 30-day option to purchase up to an additional 1.7 million shares from the selling stockholder.
Ingram Micro will not receive any proceeds from the secondary offering, it said.
Closing is expected to occur on Wednesday, subject to customary closing conditions.
The company also approved a concurrent repurchase of 1 million shares as part of the offering, it added.
Ingram Micro shares were over 2% lower in premarket activity.
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