HNA Group Closes $6 Billion Purchase of Ingram Micro

(Beijing) — Aviation and shipping giant HNA Group said it has completed its acquisition of computer parts distributor Ingram Micro Inc. in a $6 billion deal, one of China's largest high-tech purchases in the sensitive U.S. market.

HNA made the purchase through a subsidiary, Tianjin Tianhai Investment Co. Ltd., which paid $38.90 in cash for each Ingram Micro share, HNA said in a statement released late on Tuesday. The two sides first announced the deal in February.