BREAKING NEWS

Tech Data to be taken private in $5.4 billion deal

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(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)

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