CLSA Upgrades Tech Data (TECD) to Buy

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Go back to CLSA Upgrades Tech Data (TECD) to Buy

Tech Data Corporation to Acquire Technology Solutions Business from Avnet for $2.6 Billion

September 19, 2016 7:00 AM EDT

Transaction Creates Premier Global IT Distributor with the Most Diverse End-to-End Solutions from the Data Center to the Living Room

Significantly Broadens Value-Added Distribution Business

Establishes Presence in Asia-Pacific while Enhancing Customer and Product Portfolios in the Americas and Europe

Transaction Expected to Be Significantly Accretive to Tech Data non-GAAP Earnings Per Share in First Year After Closing

Tech Data to Host Conference Call and Webcast at 8:30 a.m. ET Today

CLEARWATER, Fla.,... More