tech data synnex merger new name

Dennis Polk formerly the CEO of SYNNEX is Executive Chair of the TD SYNNEX Board of Directors. 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.

Synnex Tech Data Merger Date Distributors Expect Sept 1 Close Channele2e

Some think its terrific while others worry about less.

. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. 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.

NYSEAPO for 72 billion on March 22 2021. The resulting TD Synnex business now spans. The historic Synnex-Tech Data merger which will create the worlds largest IT.

I know not a total stretch. Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt.

SYNNEX Corporation completed the acquisition of Tech Data Corporation from Apollo Global Management Inc. The combined entity made up of Clearwater Fla. Under the merger agreement SYNNEX and.

Pete area has completed its 83 billion merger with Synnex Corp. The merger combined two of the worlds largest technology distribution companies. Synnex and Tech Data as expected completed their merger today.

Apollo Funds will get 44 million shares of Synnex stock. This is definitely going to open up new opportunities for us By Steven Burke August 27 2021 1145 AM EDT. The combined business led by CEO Rich Hume is now called TD Synnex.

RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. Tech Data is owned by Apollo Global Management affiliates and its co-investors. The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598 billion in.

Synnex and Tech Data finalize merger to become TD Synnex. Let me speculate that it was either Tech Data or Synnex. SYNNEX Corporation NYSESNX entered into a definitive merger agreement to acquire Tech Data Corporation from Apollo Global Management Inc.

Synnex is poised to merge with Tech Data. The combined business led by CEO Rich Hume is now called TD Synnex. The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data.

Synnex and Tech Data is a Done Deal. But you can guess and have at least a 5050 shot at being correct. It will also get the refinancing of existing Tech Data debt and redeemable preferred shares of about 27 billion.

The nature of the deal raises questions and some. In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex. The SEC file does not name who it is.

TD SYNNEX will serve more than 100 countries in the Americas Europe and Asia-Pacific with a comprehensive portfolio of high value products and service offerings SYNNEX Corporation NYSE. The two companies have strong track records and are in an attractive if sleepy sector. The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598 billion in.

Dennis Polk CEO of Synnex will move to Executive Chair of the TD Synnex Board. Hereinafter SYNNEX Japan has as of January 1 2022 changed its company name to TD SYNNEX Kabushiki Kaisha hereinafter TD SYNNEX KK. 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.

FREMONT CA and CLEARWATER FL March 22 2021 SYNNEX Corporation NYSE. By Joe Panettieri Aug 27 2021. The combined company is now TD SYNNEX led by Rich Hume as CEO.

Tech Data Rebrands As Td Synnex Uc Today The 72 billion merger between Synnex and Tech Data goes final. The new name is TD SYNNEX led by Rich Hume as CEO. Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually.

Will this mean higher prices with one competitor out of the way. 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. The companies announced their mega-deal Monday just months after Tech Data was bought by private equity firm Apollo and Synnex spun.

Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. SYNNEX Japan Corporation Head Office. The new company will be led by Rich Hume as CEO.

Also former Synnex CEO Dennis Polk shifts to executive chair of board of directors. That stock has since jumped 23 percent hiking the merger valuation. The combined company will now be known as TD Synnex and led by Tech Data CEO Rich Hume.

According to the story Ingrams rival decided to nix the deal because it thought there was no way the merger would be approved citing anti-competitiveness. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.

SNX and Tech Data Corporation today announced the successful completion of their merger. Back in March MSPs had mixed reactions to the planned merger. It also offers a broad range of technical and business support services.

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