Apollo to buy Tech Data for about $5.4 bln

Apollo Global Management Inc has agreed to acquire Tech Data for $130 per share or about $5.4 billion. Bank of America Securities is serving as financial adviser to Tech Data while Citi is serving as lead financial adviser to Apollo, with J.P. Morgan and Wells Fargo also serving as financial advisers. Based in Clearwater, Florida, Tech Data specializes in IT products and services.

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