TECD - Tech Data Corporation
| Previous Close | 143.23 |
| Open | 143.25 |
| Bid | 143.35 x 1100 |
| Ask | 143.38 x 800 |
| Day's Range | 143.17 - 143.45 |
| 52 Week Range | 74.16 - 145.25 |
| Volume | 656,608 |
| Avg. Volume | 566,431 |
| Market Cap | 5.1B |
| Beta (5Y Monthly) | 1.20 |
| PE Ratio (TTM) | 15.44 |
| EPS (TTM) | 9.28 |
| Earnings Date | Mar 5, 2020 - Mar 9, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 148.33 |
- Yahoo Finance Video
Warren Buffett's Berkshire Hathaway loses bid for Tech Data Corp: CNBC
Apollo Global Management beat out Warren Buffett's Berkshire Hathaway in a bid to purchase Tech Data Corporation according to CNBC. The private equity firm beat out Berkshire with a bid of about $5.14B, excluding debt.
- Bloomberg
Buffett Outbid by PE as Berkshire Hathaway Hunts for Deals
Nov.29 -- Warren Buffett’s Berkshire Hathaway Inc. was outbid by Apollo Global Management Inc. in its pursuit of Tech Data Corp., according to a report by CNBC. Bloomberg’s Katherine Chiglinsky reports on "Bloomberg Markets: The Close."
- ACCESSWIRE
STOCKHOLDER ALERT: Monteverde & Associates PC Reminds Investors of its Ongoing Investigation Regarding the Acquisition
NEW YORK, NY / ACCESSWIRE / December 13, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
- ACCESSWIRE
READ NOW: Monteverde & Associates PC Reminds Investors of an Ongoing Inquiry Regarding the Acquisition
NEW YORK, NY / ACCESSWIRE / December 11, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
- GlobeNewswire
AXE, IBKC, TECD, and CARO SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
WILMINGTON, Del., Dec. 10, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Anixter International, Inc. (NYSE: AXE) regarding possible breaches of.
- GlobeNewswire
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether the Sale of These Companies is Fair to Shareholders – TECD, CBPX, BREW, WLH
NEW YORK, Dec. 10, 2019 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Tech Data Corporation (NASDAQ: TECD)The.
- Business Wire
Tech Data Announces Expiration of "Go-Shop" Period
Tech Data (Nasdaq: TECD) today announced the expiration of the "go-shop" period provided for under the terms of the previously announced definitive agreement (the "Merger Agreement") in which Tiger Midco, LLC ("Parent"), an affiliate of funds managed by affiliates of Apollo Global Management (NYSE: APO), will acquire all of the outstanding shares of Tech Data common stock. The go-shop period expired at 11:59 p.m. ET on Dec. 9, 2019.
- Insider Monkey
Did Hedge Funds Drop The Ball On Tech Data Corp (TECD) ?
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
- ACCESSWIRE
READ NOW: Monteverde & Associates PC Reminds Investors of its Ongoing Investigation Regarding the Acquisition
NEW YORK, NY / ACCESSWIRE / December 5, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
- GlobeNewswire
INVESTIGATION ALERT: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – CARB, CBPX, TECD, CARO
NEW YORK, Dec. 04, 2019 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Carbonite, Inc. (NASDAQ: CARB)The.
- GuruFocus.com
US Markets Start December Significantly Overvalued
Markets fall from record levels on reduced trade optimism and weak manufacturing data Continue reading...
- American City Business Journals
As Apollo acquisition looms, Tech Data is still growing
The Virginia company has a focus on the public sector, recently signing a Department of Defense contract in July.
- Business Wire
Tech Data Completes Acquisition of DLT Solutions
Acquisition brings new high-quality growth opportunities for partners in the U.S. public sector
- GuruFocus.com
Apollo Outbid Warren Buffett for Tech Data
The guru bid on public asset to try and take it private. Will he bid again? Continue reading...
- GuruFocus.com
Ron Muhlenkamp's Firm Starts 3 Positions in 3rd Quarter
New buys include Buffett’s conglomerate Continue reading...
- Reuters
Buffett's Berkshire outbid for Tech Data: CNBC
Berkshire did not respond to requests for comment. Apollo Global Management Inc agreed on Wednesday to pay $145 per share for Tech Data, sweetening its original $130 per share bid after a public company made a better offer. Citing Buffett, CNBC said that company was Berkshire, which offered $140 per share last week, and did not intend to go higher.
- GlobeNewswire
AMTD, AYR, TECD, and WMGI SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
WILMINGTON, Del., Nov. 29, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: TD Ameritrade Holding Corporation (NASDAQ GS: AMTD) regarding possible.
- FX Empire
US Stock Market Overview – Stocks Decline, Led by Energy, The Nasdaq Rises 4.5% for November
the VIX rallies for the week
- Benzinga
Bleakley's Peter Boockvar Talks About Buffett's Tech Data Loss
Billionaire investor Warren Buffett lost a bidding war against private equity giant Apollo Global Management to buy Tech Data Corp (NASDAQ: TECD ). It's a result of the "Oracle of Omaha" being too ...
- Bloomberg
Buffett Outbid by Private Equity in Berkshire’s Deal Hunt
(Bloomberg) -- Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.Berkshire made a $140-a-share bid for the distributor of technology products that was topped by a $145 offer from Apollo Global Management Inc., CNBC reported. The offer was another effort by the billionaire investor to put a chunk of his record $128 billion cash pile to use and signals that while Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money.Buffett has been stymied on the acquisition front in recent years, causing the billionaire investor to express frustration about the “sky-high” prices for decent businesses. He said earlier this year that he was working on a large deal in the fourth quarter of 2018 but it eventually fell through. The lack of deals has also pressured Buffett’s ability to maintain the stock returns that helped make him famous. Berkshire’s stock is on track for its worst underperformance since 2009.Berkshire’s interest forced Apollo to raise its bid to one that values Tech Data at about $6 billion, including debt. Tech Data helps bring products to market for firms such as Microsoft Corp. and Apple Inc., which is Berkshire’s largest public stock investment as it has a roughly $56 billion stake in the iPhone maker.“He’s just not going to throw the money out and earn a rate of return below what his minimum target is,” David Kass, a professor of finance at the University of Maryland’s Robert H. Smith School of Business. “He is Buffett because he’s patient.”Auction ProcessThe biggest private-equity firms are on a tear. Apollo’s Leon Black said earlier this month that the firm is on track to almost double its assets under management to $600 billion in five years. Apollo’s higher bid, announced Wednesday after the market closed, sent shares of Tech Data surging 12% to close at $144.89 Friday in New York trading.Tech Data, which was using Bank of America Corp. as its financial adviser, was engaged in a “go-shop” process. Buffett has typically avoided auctions where sellers seek the most money they can get, calling them a waste of time and a situation where he can’t win.A Tech Data buyout by Berkshire would have pushed the Omaha, Nebraska-based conglomerate further into the technology realm, an area that Buffett avoided for decades. It also would have added another family-built business to Berkshire’s mix of retailers, insurers and energy companies. Edward Raymund founded the company and his son Steven Raymund ran the firm for about two decades before becoming chairman. Steven Raymund stepped down in 2017.A potential acquisition by Berkshire would have just been a drop in the bucket for Buffett’s firm. The transaction value of $6 billion is just 4.7% of Buffett’s total cash pile.For Berkshire, the Tech Data saga likely ends here. Buffett isn’t planning to make a higher bid, according to CNBC. His appetite for a large buyout may continue.“We continue, nevertheless, to hope for an elephant-sized acquisition,” Buffett said in his annual shareholder letter released earlier this year.(Updates shares in sixth paragraph)\--With assistance from Amy Thomson.To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Michael J. Moore, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
