Short Take: Ingram Industries splits from Ingram Micro
Ingram Industries announced it has received approval from the IRS to proceed with its split-off of Ingram Micro. A registration statement for the split was filed with the SEC in July, relating to the IPO of Ingram Micro's common stock. Receipt of the IRS approval was a condition to the closing of the reorganization. The full reorganization as proposed last year would form three legally independent businesses: Ingram Micro, Ingram Entertainment, and Ingram Industries.
Ingram Industries announced it has received approval from the to proceed with its split-off of Ingram Micro. A registration statement for the split was filed with the SEC in July, relating to the IPO of Ingram Micro's common stock. Receipt of the IRS approval was a condition to the closing of the reorganization. The full reorganization as proposed last year would form three legally independent businesses: Ingram Micro, Ingram Entertainment, and Ingram Industries.