Synnex Corporation is eyeing up an acquisition of fellow distribution giant Ingram Micro, according to a round of explosive rumours circulating across the channel.

Trading in Tianjin Tianhai Investment Company – parent company of Ingram Micro and subsidiary of HNA Group – halted on 12 January, ahead of a widely expected “major announcement” in the coming days.

Tianjin Tianhai owns Ingram Micro, following the completion of the Chinese conglomerate’s $US6 billion acquisition of the US-based company in December 2016.

As a result, the trading halt has led to increased speculation that the distributor could be sold, with fellow titan of industry Synnex Corporation – which operates independently from the Taiwan-headquartered company operating across Australia and New Zealand (A/NZ) – touted as a potential acquirer of the business.

“While [a deal for Ingram Micro] this could take place in a re-IPO [initial public offering] of IM [Ingram Micro], we have seen major consolidation across our distributors and ponder the possibility of one of our distributors buying Ingram,” wrote Adam Tindle, senior research associate at Raymond James & Associates, a financial analyst firm.

“We think Synnex makes the most sense. The core distribution industry has undergone significant consolidation and this would immediately make Synnex the largest IT distributor in the world.”

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