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

Bidding for Tech Data (TECD) Might Not Be Over Amid Buffett 'Stamp'

November 29, 2019 11:19 AM EST

Several interesting developments occurred with takeover target Tech Data (NASDAQ: TECD) since Thanksgiving-eve. First, the IT reseller announced late Wednesday that it agreed to a higher $145/share takeover from private equity firm Apollo (NYSE: APO). This followed a competing takeover offer from an undisclosed third party during the 'go-shop' period. Then, in a shocking development, early... More

Undisclosed Competing Suitor for Tech Data (TECD) was Buffett's Berkshire Hathaway (BRK-A) - CNBC

November 29, 2019 6:14 AM EST

Late Wednesday, Tech Data (NASDAQ: TECD) announced that it agreed to a higher $145/share takeover bid from private equity firm Apollo Global Management (NYSE: APO) after receiving a competing takeover offer from an undisclosed potential buyer during its... More