New York, NY - July 2, 2012 (Investorideas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Brightpoint, Inc. (Nasdaq:CELL), gaining over 60% on acquisition news. The stock is trading at $8.84, up $ 3.43 (63.31%) 12:35PM EDT on over 23 Million shares.
a 66 percent premium to BrightPoint's closing stock price on June 29,
2012, and a 35 percent premium to the 90-day average trading price. The
transaction is valued at approximately $840 million, including the value
of approximately $190 million of BrightPoint's estimated debt (net of
cash), as of June 30, 2012.
The Company also announced preliminary estimates on certain aspects of its financial results for the quarter ended June 30, 2012.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing
device lifecycle services to the wireless and high-tech industries. In
2011, BrightPoint handled more than 112 million wireless devices
globally. BrightPoint's 5 key service areas - Plan, Market, Customize,
Move, Recover, offer over 110 innovative services, such as distribution
channel management, procurement, inventory management, reverse logistics
and repair services, software loading, kitting and customized
packaging, fulfillment, product customization, eBusiness solutions, and
other outsourced services that integrate seamlessly with its customers'
IT systems and operations. BrightPoint's effective and efficient
platform allows its customers to benefit from rapidly deployed, flexible
and cost effective
solutions. BrightPoint has more than 4,000 employees, as well as a
significant number of temporary staff, and a global footprint covering
more than 35 countries, including 13 Latin American countries through
its investment in Intcomex, Inc. In 2011, BrightPoint generated revenue
of $5.2 billion, from customers in over 75 countries. BrightPoint
provides distribution and customized services through over 100,000
points-of-sale and to over 25,000 B2B customers worldwide. website at www.BrightPoint.com
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