tech data synnex merger new name

The 72 billion distribution mega deal should be complete next week. Keeping the same deep specialization local expertise and trusted channel.

Synnex Announces Merger With Tech Data Martinwolf

Tech Data and Synnex finalise 72bn merger and reveals new name Combined company owned by Synnex shareholders and Apollo Global Management to provide best-in.

. SYNNEX and Tech Data have entered a definitive agreement to merge in a deal that will produce a distribution giant with some 57 billion in annual revenues and over 22000. Synnex Corp to merge with Tech Data in 72 bln deal. Synnex and Tech Data as expected completed their merger today.

March 23 2021. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. The highly anticipated Synnex-Tech Data merger has now received all required regulatory approvals.

Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. By Sharon Florentine Sep 1 2021. 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 chairman of.

Apollo Funds would receive 44 million shares of Synnex refinancing of existing Tech Data net debt and redeemable preferred shares of 27 billion under the arrangement. 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 becoming TD SYNNEX following the merger of Tech Data and SYNNEX.

The combined company with approximately 57 billion in estimated pro forma annual revenues and a team of over 22000 associates and colleagues will provide customers. Has agreed to acquire Clearwater-based Tech Data in a deal valued at more than 7 billion. 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 Tech.

SYNNEX Corporation and Tech Data announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion. It also offers a broad range of technical and business support services.

The combined business led by CEO Rich Hume is now called TD Synnex. TD SYNNEX will serve more than 100 countries in the Americas Europe and Asia-Pacific with a comprehensive portfolio of high value products and service offerings SYNNEX. Private equity firm Apollo Global Management will own.

Tech Data Synnex Complete Merger Commercial Integrator