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EU clears Ingram Micro to buy rival BrightPoint
October 12, 2012 / 9:46 AM / in 5 years

EU clears Ingram Micro to buy rival BrightPoint

BRUSSELS, Oct 12 (Reuters) - EU competition regulators on Friday cleared the acquisition of U.S. technology distributor BrightPoint Inc by its bigger rival Ingram Micro .

The acquisition affected the markets in the wholesale distribution of telecommunications and IT products, such as laptops and tablets, in a number of member states but would not raise competition concerns, the European Commission, which acts as the 27-member bloc’s competition watchdog, said.

“The merged entity will continue to face sufficient competitive constraints, including on narrow market segments,” the Commission said in a statement.

Ingram Micro said in July that it would buy BrightPoint Inc for about $650 million in cash, its biggest deal ever.

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