SCIENCE / TECHNOLOGY
Compiled by David Olmos, Times staff writer
In other takeover news, Ingram Industries said it will wait an extra day before taking further action on its $37-million buyout offer for Santa Ana-based Micro D, a distributor of personal computer products.
Ingram, a Nashville-based conglomerate that already owns nearly 60% of Micro D and offered last week to buy the rest of the company, had sought a response from Micro D by Monday.
But Micro D said Monday that its special committee of three outside directors was unable to meet to discuss the offer until today.
“We are pleased that the special committee has been formed to consider our merger proposal, which we believe to be attractive and fair for Micro D shareholders,” said a statement issued Monday by Ingram President E. Bronson Ingram.
