Region’s largest public company to be acquired for $5.4B

Private equity firm Apollo Global Management agrees to buy Clearwater-based Tech Data.

  • By Business Observer Staff
  • | 9:20 a.m. November 13, 2019
File. Rich Hume is expected to remain CEO of Tech Data Corp., which is set to be acquired by a private equity firm for $5.4 billion.
File. Rich Hume is expected to remain CEO of Tech Data Corp., which is set to be acquired by a private equity firm for $5.4 billion.
  • Tampa Bay-Lakeland
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CLEARWATER — Tech Data Corp. (NASDAQ: TECD) has agreed to be acquired, for $5.4 billion, by an affiliate of funds managed by New York-based private equity firm Apollo Global Management Inc.

 

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