tech data synnex merger

IT solutions firm Synnex Corp SNXN said on Monday it will merge with peer Tech Data in a deal worth about 72 billion including debt creating one of the worlds biggest IT distribution. SNX a leading provider of distribution systems design and integration services for the technology industry.

Synnex

More than 150000 customers mostly channel partners and 1500.

. CLEARWATER Fla-- BUSINESS WIRE --SYNNEX Corporation NYSE. CLEARWATER Fla-- BUSINESS WIRE-- SYNNEX Corporation NYSE. The new company will be led by Rich Hume.

Snx a leading provider of distribution systems design and integration services for the technology industry today. Fremont calif june 30 2021 prnewswire -- synnex corporation nyse. SNX and Tech Data today announced they have entered into a definitive merger.

Has agreed to acquire Clearwater-based Tech Data in a deal valued at more than 7 billion. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. SNX today announced that it will merge with fellow distributor Tech Data in a deal worth approximately 72 billion including net debt.

Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion. SNX and Tech Data Corporation today announced the successful completion of their merger. On March 22 2021 TD SYNNEX acquired distribution company Tech Data from Apollo Global Management for 72B USD.

The distributor has entered into a. The combined business led by CEO Rich Hume is now called TD Synnex. 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.

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-deal share price of. Tech Data has continued to show its determination to become one of the largest names in global distribution through the move to merge with Synnex. Leading distributor SYNNEX Corporation NYSE.

27 2021 PRNewswire -- SYNNEX Corporation NYSE. Clearwater-based technology distribution company Tech Data the largest company. This is TD SYNNEXs 6th transaction in the Distribution sector.

Among the key data points to note. And CLEARWATER Fla March 22 2021 PRNewswire -- SYNNEX Corporation NYSE. SNX and Tech Data Corporation today announced the successful completion of their merger.

SYNNEX Corporation and Tech Data announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction. Ingram Micro the combined distributor will have a team of 22000 employees and an. Synnex and Tech Data as expected completed their merger today.

Five Business Details to Know. The historic merger between Synnex and Tech Data is complete the companies said Wednesday creating an entity called TD Synnex with a combined 598 billion in revenue that takes over. Also former Synnex CEO Dennis Polk shifts to.

The two channel players entered into a definitive 72bn merger agreement back in March that will create a combined operation with revenues in the region of 57bn and a headcount of.

Largo S Td Synnex Reports 15 6 Billion In First Quarter As New Company