tech data synnex merger new name

SNX and Tech Data Corporation today announced the successful completion of their merger. SYNNEX Corporation Stockholders Approve Merger with Tech Data.

Synnex Japan Rebrands As Td Synnex Kabushiki Kaisha Following Merger With Tech Data Telecompaper

Synnex and Tech Data as expected completed their merger today.

. SNX and Tech Data today announced they have entered into a definitive merger agreement under which. The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.

Synnex splits in two with Concentrix getting its. Hereinafter SYNNEX Japan has as of January 1 2022 changed its company name to TD SYNNEX Kabushiki Kaisha hereinafter TD SYNNEX KK. The combined Synnex-Tech Data merger is predicted to.

The two companies have strong track records and are in an attractive if sleepy sector. 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. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX.

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. 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 combined company is now TD SYNNEX led by Rich Hume as CEO.

Under the merger agreement SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually. The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598.

That stock has since jumped 23 percent hiking the merger valuation. By Joe Panettieri Aug 27 2021. And CLEARWATER FlaSYNNEX Corp.

The companies announced their mega-deal Monday just months after Tech Data was bought by private equity firm Apollo and Synnex spun. It also offers a broad range of technical and business support services. Kovar on Sep 3 2021 100PM.

The combined entity made up of Clearwater Fla-based Tech Data and Fremont Calif-based Synnex is worth. Tech Data and Synnex complete merger MicroscopeUK. Also former Synnex CEO Dennis Polk shifts to executive chair of board of directors.

Once the merger closes the combined company will be 55 percent owned by Synnex shareholders and 45 percent owned by Apollo Global management which bought Tech Data for 54 billion in June 2020. By Sharon Florentine Sep 1 2021. First post-merger numbers show revenue growth at TD.

The new company will be led by Rich Hume as CEO. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says. And CLEARWATER Fla March 22 2021 PRNewswire -- SYNNEX Corporation NYSE.

The merger combined two of the worlds largest technology distribution companies. The nature of the deal raises questions and some. NYSEAPO for 72 billion on March 22 2021.

The duo announced the 72bn merger in March creating a 57bn-revenue distribution giant with 22000 employees. Synnex is poised to merge with Tech Data. Distribution giant Tech Data has been renamed as TD SYNNEX as its merger with US SYNNEX is completed.

FREMONT Calif June 30 2021 PRNewswire -- SYNNEX Corporation NYSE. The transaction remains subject to the satisfaction of regulatory approvals and customary closing conditions and is. SYNNEX Corporation NYSESNX entered into a definitive merger agreement to acquire Tech Data Corporation from Apollo Global Management Inc.

Tech Data CEO Rich Hume will retain his position at the combined company while SYNNEX chief exec Dennis Polk will take the position. IT solutions firm Synnex Corp said on Monday that it will merge with peer Tech Data owned by funds affiliated to Apollo Global Management in a. Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the time.

SYNNEX Japan Corporation Head Office. Approval by SYNNEX stockholders is a condition to the closing of the merger. SNX a leading provider of distribution systems design.

In a 72 billion deal Synnex and Tech Data have officially merged to become TD Synnex. The combined business led by CEO Rich Hume is now called TD Synnex. And Tech Data which is wholly owned by funds managed by affiliates of Apollo Global Management Inc announced a merger agreement valued at approximately 72 billion including net debt.

By Chris Player Ben Moore Joseph F. 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.

Tech Data Merger Closes To Become Td Synnex Tampa Bay Business Journal