Brightpoint Inc. (CELL) announced Monday morning that it agreed to be acquired by Ingram Micro Inc. (IM) for $9.00 per share in cash. The transaction is expected to close before the end of the year.
Brightpoint also announced that it now expects second quarter total revenue to be in the range of $1.25 billion to $1.35 billion and expects adjusted income from continuing operations of approximately $0.14 per share.
Brightpoint has gapped open sharply higher Monday and is now up 3.45 at $8.86 on strong volume. The stock has jumped to a 4-month high and has re-crossed its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.