Tech Data (TECD) Agrees to Higher $145/Share Takeover from Apollo

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Go back to Tech Data (TECD) Agrees to Higher $145/Share Takeover from Apollo

Tech Data Enters into an Amendment to its Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management at an Increased Consideration Amount of $145 Per Share in Cash

November 27, 2019 7:42 PM EST

CLEARWATER, Fla.--(BUSINESS WIRE)-- Tech Data (Nasdaq: TECD) today announced that it has entered into an amendment (the Amendment) to its previously announced definitive agreement (the Original Agreement) in which Tiger Midco, LLC (Parent), an affiliate of funds managed by affiliates of Apollo Global Management (NYSE: APO), will acquire all of the outstanding shares of Tech Data common stock. The Amendment provides that the consideration to be received by holders of Tech Data common stock has been increased to $145 per share in cash from $130 per share in cash, among... More