Synnex to merge with Tech Data in $7.2 billion PE deal

Synnex to merge with Tech Data in $7.2 billion PE deal

IT solutions firm Synnex Corp said on Monday that it will merge with peer Tech Data, owned by funds affiliated to Apollo Global Management, in a deal worth about $7.2 billion, including debt. Shares of Synnex jumped over 11% in premarket trade. Apollo Funds will...