NEW YORK, Nov. 14, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Tech Data Corporation (“Tech Data” or the “Company”) (NASDAQ: TECD) stock prior to November 13, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Tech Data to an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) (NYSE: APO). Under the terms of the transaction, the affiliate of the Apollo Funds will acquire all of the outstanding shares of Tech Data common stock for $130 per share. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/tech-data-corporation-2
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Tech Data merger investigation concerns whether the Board of Tech Data breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the affiliates of Apollo are underpaying for Tech Data shares, thus unlawfully harming Tech Data shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
