tech data synnex merger new name
Tech Data and Synnex finalise 72bn merger and reveals new name Combined company owned by Synnex shareholders and Apollo Global Management to provide best-in-class product offerings it claims Daniel Bennett. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.
Maverick Owner Tech Data Completes Merger With Synnex
Tech Data CEO Rich Hume will retain his position at the combined company while SYNNEX chief exec Dennis Polk will take the.
. The combined Synnex-Tech Data merger is predicted to. Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the time. By Joe Panettieri Aug 27 2021.
FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. Meantime HPE wrapped its Zerto acquisition. The duo announced the 72bn merger in March creating a 57bn-revenue distribution giant with 22000 employees.
It also offers a broad range of technical and business support services. 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 1032. The combined company is now TD SYNNEX led by Rich Hume as CEO.
SYNNEX Corporation NYSE. Distribution giant Tech Data has been renamed as TD SYNNEX as its merger with US SYNNEX is completed. SNX a leading provider of distribution systems design and integration services for the technology industry today.
That stock has since jumped 23 percent hiking the merger valuation. The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive chairman of the board of directors. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says.
The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data. SNX and Tech Data Corporation today announced the successful completion of their merger. SNX a leading provider of distribution systems design and integration services for the technology industry today announced that based on the voting results from its special meeting held today SYNNEX stockholders have approved the previously announced merger agreement.
CLEARWATER Fla--BUSINESS WIRE-- SYNNEX Corporation NYSE. In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex. Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually.
SNX and Tech Data Corporation today announced the successful completion of their merger. Conference Call Today at 530 AM PT830 AM ET. The new company will be led by Rich Hume as CEO.
Kovar on Sep 3 2021 100PM. The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive chairman of the board of directors. Private equity firm Apollo Global Management will own roughly 45 percent of the combined business which blends traditional technology distribution with cloud marketplaces for channel partners.
Once the merger closes the combined company will be 55 percent owned by Synnex shareholders and 45 percent owned by Apollo Global management which bought Tech Data for 54 billion in June 2020. The 72 billion merger between Synnex and Tech Data goes final. Under the terms of the agreement Apollo Funds will get an aggregate of 44 million shares of Synnex common stock.
RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598.
The merged entity creates a mega-distributor with more than 150000 customers in more than 100 countries. Tech Data and Synnex complete merger MicroscopeUK. Synnex and Tech Data have completed their 72 billion merger to form TD Synnex.
FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. Dennis Polk formerly the CEO of SYNNEX is Executive Chair of the TD SYNNEX Board of Directors. And CLEARWATER Fla March 22 2021 PRNewswire -- SYNNEX Corporation NYSE.
The combined company is now TD SYN. By Chris Player Ben Moore Joseph F. The combined entity made up of Clearwater Fla-based Tech Data and Fremont Calif-based Synnex is worth.
First post-merger numbers show revenue growth at TD. It will also get the refinancing of existing Tech Data net debt and redeemable preferred shares of approximately 27 billion. The 72 billion merger of publicly traded Synnex and private equity owned Tech Data which was first unveiled on March 22- will be 55 percent owned by Synnex shareholders and 45 percent owned.
Synnex splits in two with Concentrix getting its. SNX a leading provider of distribution systems design and integration services for the technology industry today. September 1 2021.
Tech Data currently is owned by Apollo Global Management affiliates and its co-investors. SNX and Tech Data today announced they have entered.
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