tech data synnex merger new name
Pete area has completed its 83 billion merger with. The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive.
Synnex To Combine With Tech Data Creating A Leading Global It Distributor
SYNNEX Corporation NYSE.
. Private equity firm Apollo. SYNNEX Corporation and Tech Data announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine. The combined distributor countering Ingram.
The 72 billion merger of publicly traded Synnex and private equity owned Tech Data which was first unveiled on March 22 - will be 55 percent owned by Synnex. Tech Data is owned by Apollo Global Management affiliates and its co-investors. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says.
Once the merger closes the combined company will be 55 percent owned by Synnex shareholders and 45 percent owned by Apollo Global management which bought. It also offers a broad range of technical and business support services. March 23 2021.
The combined company is now TD SYN. SYNNEX Japan Corporation Head Office. SNX and Tech Data Corporation today announced the successful completion of their merger.
By Joe Panettieri Aug 27 2021. By Joe Panettieri Mar 22 2021. Synnex and Tech Data are merging in a technology distribution deal valued at 72 billion.
Hereinafter SYNNEX Japan has as of January 1 2022 changed its company. Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. There are shareholder lawsuits included in the 2021 merger filing lambasting Synnex for paying 72B or 12B more than Apollo paid a year ago based on Synnexs pre.
It will also get the refinancing of. APO which acquired Tech Data in June 2020 will receive 44 million shares of SYNNEX common stock in addition to the refinancing of. Apollo Global Management NYSE.
Apollo Funds will get 44 million shares of Synnex stock. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.
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