tech data synnex merger new name

The combined company is now TD SYNNEX led by Rich Hume as CEO. Upon close ownership of thenew combined company will be approximately 55 owned by SYNNEX shareholders and approximately 45 owned by Apollo Tech Datas principal shareholder.

Synnex Announces Merger With Florida Based Tech Data

The highly anticipated Synnex-Tech Data merger has now received all required regulatory approvals.

. Dennis Polk formerly the CEO of SYNNEX is Executive Chair of the TD SYNNEX Board of Directors. The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data. Also former Synnex CEO Dennis Polk shifts to executive chair of board of directors.

Combined company owned by Synnex shareholders and Apollo Global Management to provide best-in-class product offerings it claims. Synnex shareholders approved the deal in July. NYSEAPO for 72 billion on March 22 2021.

Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually. Then in late February 2016 the China conglomerate HNA Group buys Ingram Micro for 6 billion. 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. The combined business led by CEO Rich Hume is now called TD Synnex. The combined company will have about 57 billion in annual revenue.

Pete area has completed its 83 billion merger with Synnex Corp. 01 September 2021 1 min read. The terms of this deal are that Synnex will pay Tech Data ie.

In addition it will have more than 22000 employees. All required regulatory approvals to complete the proposed Synnex-Tech Data merger have been completed Synnex indicates. The new company will be led by Rich Hume as CEO.

RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. The resulting TD Synnex business now spans. FREMONT CA and CLEARWATER FL March 22 2021 SYNNEX Corporation NYSE.

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. SNX and Tech Data Corporation today announced the successful completion of their merger. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.

Apollo Global its owner 44M in shares and 161B in cash. The combined Synnex-Tech Data merger is predicted to generate 200 million in synergy benefits two years from now. The 72 billion distribution mega deal should be complete next week.

Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the time. The 72 billion distribution mega deal should be complete next week. 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.

Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. The historic merger between Synnex and Tech Data is complete creating an entity called TD Synnex with a combined US598 billion in. 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.

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 now be known as TD Synnex and led by Tech Data CEO Rich Hume. Synnex and Tech Data have completed a blockbuster 72bn merger which will see the joint company become the industrys largest distributor.

Tech Data Corporation commonly referred to as Tech Data is an American multinational distribution company specializing in IT products and services headquartered in Clearwater Florida as of 2021. Under the merger agreement SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. Synnex and Tech Data is a Done Deal.

The highly anticipated Synnex-Tech Data merger has now received all required regulatory approvals. Five Business Details to Know. SYNNEX Japan Corporation Head Office.

However theres possibility that this could change in the upcoming year due to their merger with their competitor SynnexThere is no word yet about whether HQ will remain with. The 72 billion merger of publicly traded Synnex and private equity owned Tech Data which was first unveiled on March 22- will be 55 percent owned by Synnex shareholders and 45 percent owned. The merger combined two of the worlds largest technology distribution companies.

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. In that deal Ingram plans to accelerate its current business strategy under existing executive leadership. Announced in March the Synnex-Tech Data deal was.

That stock has since jumped 23 percent hiking the merger valuation. Synnex and Tech Data as expected completed their merger today. Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St.

Dennis Polk CEO of Synnex will move to Executive Chair of the TD Synnex Board. Apollo Global will invest 500M in Tech Data prior to the close of the. But you can guess and have at least a 5050 shot at being correct.

SYNNEX shares will continue to trade on the New York Stock Exchange NYSE under the symbol SNX. SYNNEX Corporation NYSESNX entered into a definitive merger agreement to acquire Tech Data Corporation from Apollo Global Management Inc. The new name is TD SYNNEX led by Rich Hume as CEO.

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. The merger arrives roughly two months after private equity firm Platinum Equity acquired Synnex-Tech Data rival Ingram Micro.

Synnex Completes Previously Announced Merger With Tech Data Security Info Watch