On Monday, Shares of Ingram Micro Inc. (NYSE:IM),subtract -0.05% and closed at $38.52 in the last trading session. The last trading range of the stock ranges between $38.07 and $38.60. Ingram Micro Inc. ( NYSE : IM ) recently declared that the End Date by which the acquisition of Ingram Micro by Tianjin Tianhai Investment Company, Ltd. (Tianjin Tianhai) (SSE A Share: 600751 and SSE B Share: 900938), must be accomplished has been extended to December 15, 2016.
Following clearance last week from the Committee on Foreign Investment in the United States (CFIUS) to proceed with the transaction, the extension was made following an amendment to the merger agreement among Ingram Micro, Tianjin Tianhai and GCL Acquisition, Inc. to allow for satisfaction of the remaining closing conditions under the merger agreement, counting receipt of approval from China’s State Administration of Foreign Exchange (SAFE). Ingram Micro and Tianjin Tianhai continue to expect closing of the transaction to occur in 2016 as formerly declared. Upon completion of the transaction, Ingram Micro will become a part of HNA Group, a Hainan-based Fortune Global 500 company.
Mueller Water Products, Inc. (NYSE:MWA), jumped 0.77% and closed at $13.08 in the last trading session. The last trading range of the stock ranges between $12.96 and $13.20. The company’s Market capitalization is $2.12 Billion with the total Outstanding Shares of 161.69 million.New Jersey American Water has selected Echologics’ continuous leak detection technology, EchoShore®-DX, to reduce water loss, prioritize repairs and assist maximize the life of its buried water infrastructure assets.
A partner of American Water, New Jersey American Water is the leading shareholder-owned water utility in the state, serving about 2.6 million people. The utility installed more than 1,000 of Echologics’ leak detection nodes in six water systems across the state. In the first six months of operation, Echologics’ DX technology facilitated New Jersey American Water to identify and repair more than 50 active leaks, with total recovery of more than 1,000 gpm in water loss.
“New Jersey American Water’s mission is to provide our customers with high-quality reliable water service, and we are committed to using technology that allows us to increase our efficiencies and the value of the services we provide,” said Kevin Kirwan, Vice President of Operations for New Jersey American Water. “The large-scale implementation of Echologics’ technology has facilitated us to continuously monitor for leaks in a non-invasive manner.”