32+ Tech Data Synnex New Name
Tech Data Synnex New Name
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Sep 1, 2021 8:21am edt.
Tech data synnex new name. Fremont, calif., and clearwater, fla., nov. Snx) is a leading global distributor and solutions aggregator for the it ecosystem. The new company will be led.
Dennis polk, ceo of synnex, will move to executive chair of the td synnex board of directors. The historic merger between synnex and tech data is complete creating an entity called td synnex with a. Once the merger closes, the combined company will be 55 percent owned by synnex shareholders and 45 percent owned by apollo global management, which bought tech data for $5.4 billion in june 2020.
Conference call today at 5:30 am pt/8:30 am et. The combined company will go by the name of td synnex and will be led by tech data ceo rich hume, with former synnex boss dennis polk becoming executive chairman of the board of directors. The combined company will now be known as td synnex and led by tech data ceo rich hume.
Snx) was first announced in march and was originally valued at $7.2 billion. Tech data was brought into private equity ownership by apollo management last year in a deal valued at $5.4bn. Dennis polk, formerly the ceo of synnex, is executive chair of the td synnex board of directors.
Since then, snx has gone up ~13%, so it is paying around $7.8b vs. However, there's possibility that this could change in the upcoming year due to their merger with their competitor, synnex. Furthermore, its portfolio will comprise more than 200,000 product offerings.
Synnex to combine with tech data creating a leading global it distributor. The new name is td synnex, led by rich hume as ceo. We're an innovative partner helping more than.
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