US-based IT products and services distributor Tech Data (NASDAQ: TECD) has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of US-based alternative investment managerApollo Global Management, Inc. (NYSE: APO), the company said.
Through the agreement, the affiliate of the Apollo Funds will acquire all of the outstanding shares of Tech Data common stock for USD 130 per share in a transaction with an enterprise value of approximately USD 5.4bn.
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