trending Market Intelligence /marketintelligence/en/news-insights/trending/BDgJPjpBmiNgGfU8HE-K_g2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Go-shop period for Tech Data, Apollo Global deal expires


OTT players find great value in partnerships but still prefer direct-to-consumer


Episode 10: Cloud Pricing & Complexity


Tracking Credit Risk at a Major U.S. Retailer


Global console, mobile and PC gaming drives $175B in content revenue in 2020

Go-shop period for Tech Data, Apollo Global deal expires

Tech Data Corp.'s go-shop period, in relation to an agreement to sell all of its outstanding shares to Tiger Midco LLC, an affiliate of funds managed by affiliates of Apollo Global Management Inc., expired at 11:59 p.m. on Dec. 9.

The go-shop period, which began Nov. 12, now limits Tech Data and its representatives from soliciting alternative acquisition proposals from third parties or providing confidential information to third parties.

During the go-shop period, representatives of Tech Data's financial adviser, BofA Securities Inc., reached out to parties that might be interested in a potential alternative transaction.

The news comes after Tech Data's board in late November unanimously approved Apollo Global Management's increased all-cash offer of about $6 billion. The new $145 per share purchase price is an 11.5% increase from the previously agreed $130 per share, or a total of about $5.4 billion.

The transaction is expected to close in the first half of 2020, subject to the satisfaction of customary closing conditions.

The acquisition is not subject to a financing condition.