![]() ![]() Tiger Parent and Tiger Holdings are controlled by investment funds managed by affiliates of Apollo. Tiger Holdings is the sole member and holder of all issued and outstanding shares of common stock of Tiger. Tiger Parent is currently the holding company of Tech Data. & CLEARWATER, Fla. Tiger Parent is a corporation formed in accordance with the laws of the State of Delaware, U.S.A. (collectively referred to as Apollo) invest in companies and debt issued by companies involved in various businesses throughout the world. As described in the Notice, investment funds managed by affiliates of Apollo Management, L.P. Tech Data’s proposed 7.2 billion merger with Synnex will create a 57 billion distribution behemoth, which would be nearly 10 billion larger than Ingram Micro, which reported 47.2 billion in. is a limited partnership formed in accordance with the laws of the State of Delaware, U.S.A. SYNNEX provides technology products and solutions for information technology (IT) systems to resellers and retail customers.Īpollo Management L.P. It is headquartered in Fremont, California and listed on the New York Stock Exchange. with a comprehensive portfolio of high value products and service offerings. TD SYNNEX will serve more than 100 countries in the Americas, Europe and Asia-Pacific. SYNNEX, founded in 1980, is a corporation formed in accordance with the laws of the State of Delaware, U.S.A. SYNNEX and Tech Data Complete Merger to become TD SYNNEX, a Leading Global Distributor and Solutions Aggregator for the IT Ecosystem. Upon steps (i) and (ii) of the transaction coming into effect, and in consideration of the shares of common stock of Tiger Parent held by Tiger Holdings, SYNNEX will issue approximately 45% shares of its common stock (carrying proportionate voting rights) to Tiger Holdings. Merger of Tiger Parent with and into Sub II, with Sub II being the surviving entity and remaining as a direct wholly owned subsidiary of SYNNEX and The tie-up between Tech Data and Synnex has been completed, giving the global distributor the chance to unveil both its fresh branding and outline the management team. SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that, based on the voting results from its special meeting held today, SYNNEX stockholders have approved the previously announced merger agreement with Tech Data. Merger of Sub I with and into Tiger Parent, with Tiger Parent being the surviving entity It will be effected through the following steps: Our focus on corporate social responsibility embodies our commitment to make the world a better place, both today and into the future.The Proposed Combination is a merger within the meaning of Section 5(c) of the Competition Act, 2002. The Largo technology distribution company on Monday announced an agreement to merge with Fremont, Calif.’s Synnex Corp. Tech Data and Synnex earlier this week dropped the bomb that they will be combining forces to create an approximately 57 billion company. Ingram Micro and other prominent distributors don’t seem to be sweating Tech Data and Synnex’ 7.2 billion merger. Rich added, “just as TD SYNNEX plays a vital role in helping transform the technology landscape, we have an equally important responsibility to have a positive impact on the world. The deal demonstrates a pivotal shift in the channel. March 22 (Reuters) - IT solutions firm Synnex Corp said on Monday it will merge with peer Tech Data in a deal worth about 7. In this new phase, we will double down on our commitment to delivering higher value to our ecosystem partners through our end-to-end technology portfolio and our comprehensive services offerings, all underpinned by the passion, commitment, and deep knowledge of our 22,000+ co-workers around the world.”Īlthough the APAC region will not officially transition to the TD SYNNEX name at this time, the business there has the same access to the global resources that allow the company to provide consistent reach across diverse markets. ![]() Rich Hume, CEO, TD SYNNEX said, “this is a special moment of celebration as we launch the TD SYNNEX brand in Europe and LAC. In its Asia-Pacific (APAC) region, the company will continue to go to market as Tech Data, a TD SYNNEX Company, while its Japan operations are already branded TD SYNNEX. The news comes after the merger between Tech Data and SYNNEX Corporation in 2021.
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