Author Topic: TECD - Tech Data  (Read 4457 times)

Okonomen

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Re: TECD - Tech Data
« Reply #10 on: October 16, 2019, 05:03:21 AM »
Apollo offers 130/share for TECD. Only 15% premium. I think its a low ball offer. Would have been higher if it was from a competitor. Hope to see some bidding war. Will prefer to keep my shares than to sell on 130 USD

https://seekingalpha.com/news/3505992-apollo-global-offers-5b-bid-tech-data-reuters


kab60

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Re: TECD - Tech Data
« Reply #11 on: October 16, 2019, 06:54:16 AM »
Apollo are always cheap. Understand your reluctance to sell. Nice call either way.

Okonomen

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Re: TECD - Tech Data
« Reply #12 on: October 16, 2019, 03:08:21 PM »
Apollo are always cheap. Understand your reluctance to sell. Nice call either way.

Those bastards. And thanks!

Okonomen

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Re: TECD - Tech Data
« Reply #13 on: December 03, 2019, 01:05:26 AM »
TECD getting bought at 145 USD/Share. Berkshire Hathaway was one of the bidders. Still too cheap both on multiples and also considering the quality of the business model and the fact that TECD is best in class within tech distributors. I would have loved to keep my shares.

On Dec 9th the window closes for bids. I doubt BRK will bid again

https://seekingalpha.com/news/3522676-berkshire-hathaway-tech-data-bidder

Okonomen

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Re: TECD - Tech Data
« Reply #14 on: March 12, 2020, 07:09:48 AM »
The market seems to be scared of the TECD deal at 145/share might get canceled.. Huge risk spread right now of 10 USD/share ! (7%)

roark33

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Re: TECD - Tech Data
« Reply #15 on: March 12, 2020, 07:46:29 AM »
Seems like there are better ideas out there, no? 

Jurgis

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Re: TECD - Tech Data
« Reply #16 on: March 12, 2020, 08:02:06 AM »
Seems like there are better ideas out there, no?

Depends on the time frame you are looking at. And whether you want market correlated return/investment.

When is this supposed to close?
Edit: latest news says close in first half of 2020.
« Last Edit: March 12, 2020, 08:16:19 AM by Jurgis »
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roark33

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Re: TECD - Tech Data
« Reply #17 on: March 12, 2020, 08:06:44 AM »
Brew is another merger-arb where the spread has widened out, if you are interested in that stuff