November 28, 2019 / 1:01 AM / 12 days ago

Buyout firm Apollo Global sweetens bid for Tech Data

Nov 27 (Reuters) - Private equity Apollo Global Management has raised its bid to acquire Tech Data to a deal valued at about $6 billion, the U.S. information technology equipment distributor said on Wednesday.

Excluding debt, the deal is valued at about $5.14 billion, according to Reuters calculations.

Tech Data shareholders will receive $145 per share in cash, up from a previous offer of $130 per share.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Aditya Soni

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