Warren Buffett’s company outbid in effort to buy area firm

Apollo Global Management’s offer for Tech Data is now close to about $6 billion.

  • By Business Observer Staff
  • | 1:40 p.m. December 1, 2019
File. Tech Data CEO Rich Hume.
File. Tech Data CEO Rich Hume.
  • Tampa Bay-Lakeland
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CLEARWATER — Private equity firm Apollo Global Management increased the offer price for IT product distribution giant Tech Data 11.5%, from $130 a share to $145—a successful effort to outbid a competing, $5 billion offer from Warren Buffett’s Berkshire Hathaway.

 

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