Stifel Upgrades Tech Data (TECD) to Buy
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Tech Data Corporation to Acquire Technology Solutions Business from Avnet for $2.6 Billion
September 19, 2016 7:00 AM EDTTransaction Creates Premier Global IT Distributor with the Most Diverse End-to-End Solutions from the Data Center to the Living Room
Significantly Broadens Value-Added Distribution Business
Establishes Presence in Asia-Pacific while Enhancing Customer and Product Portfolios in the Americas and Europe
Transaction Expected to Be Significantly Accretive to Tech Data non-GAAP Earnings Per Share in First Year After Closing
Tech Data to Host Conference Call and Webcast at 8:30 a.m. ET Today
CLEARWATER, Fla.,... More
