=Tech Data (TECD): to be acquired by Apollo Global Management for $145/sh, up from the previous price of $130

• Berkshire had bid $140

Tech Data enters into an amendment to its agreement to be acquired by funds managed by affiliates of Apollo Global Management (APO) at an increased consideration amount of $145/share

Co announced that it has entered into an amendment (the "Amendment") to its previously announced definitive agreement (the "Original 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 Amendment provides that the consideration to be received by holders of Tech Data common stock has been increased to $145 per share in cash from $130 per share in cash, among certain other changes.

The Amendment was unanimously approved by the Board of Directors of Tech Data, and the revised purchase price represents an 11.5 percent increase in the price per share of Tech Data's common stock provided in the Original Agreement. The revised purchase price also represents a 30.2 percent premium to the unaffected closing share price of Tech Data's common stock ended Oct. 15, 2019, the last trading day prior to published market speculation regarding a potential transaction involving Tech Data. The revised transaction has an enterprise value of approximately $6.0 billion.