Tech Data sets Feb. 12 shareholder vote on $6 billion sale to Apollo Global
Apollo Global Management of New York has offered $6 billion for the Largo-based technology distributor.

By Richard Danielson
Tampa Bay Times
Published: Jan 7, 2020

LARGO - Stockholders in Tech Data will vote on Feb. 12 whether to accept a $145-per-share offer from New York-based private equity firm Apollo Global Management.

Apollo originally bid $130 for Tech Data's stock, then raised its offer just before Thanksgiving in response to a $140 offer from billionaire investor Warren Buffett.

If shareholders and regulators approve, the $6 billion sale is expected to close sometime early this year. When that happens, Tech Data, currently No. 88 on the Fortune 500 list of publicly traded U.S. companies, would become a privately held company and would no longer be traded on any stock exchange. The company's shares closed at $143.88 on Monday.