BREAKING NEWS
This content is not available in your region

Tech Data to be taken private in $5.4 billion deal

Text size Aa Aa

(Reuters) – Private equity Apollo Global Management <APO.N> will buy U.S. information technology equipment distributor Tech Data <TECD.O> in a deal valued at $5.4 billion, the companies said on Wednesday.

Tech Data shareholders will receive $130 per share.

Reuters reported last month about the possible deal, citing sources.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.