November 13, 2019 / 11:14 AM / 22 days ago

Tech Data to be taken private in $5.4 bln deal

Nov 13 (Reuters) - Private equity Apollo Global Management will buy U.S. information technology equipment distributor Tech Data 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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