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Tech Data agrees USD 5.4 bln takeover by Apollo

2019-11-13 12:43:00| Telecompaper Headlines

(Telecompaper) Tech Data has agreed to a takeover bid worth USD 5.4 billion from private equity group Apollo Global Management. The offer to go private is worth USD 130 per share, a 24.5 percent premium on the ICT distributor's average share price in the past month, since reports of a possible bid first emerged. 

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