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INGRAM MICRO STOCK BEGINS TRADING ON THE NEW YORK STOCK EXCHANGESANTA ANA, Calif., Nov. 1, 1996 Ingram Micro is offering 20 million shares of Class A common stock, of which four million shares will be offered internationally. In the offering, Ingram Micro has reserved shares of its common stock for the majority of its over 8,000 associates worldwide. The initial public offering price is $18 per share. Ingram Micro has granted the underwriters an over-allotment option on 3 million additional shares. Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, with 1995 sales of $8.617 billion. Worldwide sales for the first two quarters of 1996 totaled $5.543 billion. The company operates in 19 countries and distributes more than 36,000 products to over 100,000 resellers in 120 countries. Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. Inc., 1585 Broadway, New York, NY 10036, Attention: Prospectus Department, telephone (212) 761-4000; The Robinson-Humphrey Company, Inc., Atlanta Financial Center, 3333 Peachtree Rd., N.E. 10th Floor, Atlanta, GA 30326, telephone (404) 266-6000; Alex Brown & Sons Inc., 135 E. Baltimore St., Baltimore, MD 21202, telephone: (410) 727-1700; Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, telephone: (415) 576-3300; and J.C. Bradford & Co., 330 Commerce Street, Nashville, TN 37201, telephone: (615) 748-9000. |
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Contact: |
Kirsten
Frosh Kim Strohm Mary Whittle |