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Apollo Funds To Acquire Tech Data For $130 Per Share - Quick Facts

Tech Data (TECD) has reached an agreement under which an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (APO) will acquire Tech Data common stock for $130 per share in a deal with an enterprise value of approximately $5.4 billion. The Tech Data Board recommended its shareholders vote in favor of the acquisition.

Tech Data will be permitted to actively solicit alternative acquisition proposals during a go-shop period from the date of the agreement until Dec. 9, 2019.

Following the close of the deal, Tech Data will become a privately held company, and the company's common shares will no longer be publicly listed.

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