Report: Private equity firm wants to buy Tech Data for $5 billion

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    Apollo Global Management LLC has offered to buy Tech Data Corp., the largest company headquartered in the Tampa-St. Pete area, for nearly $5 billion, according to a report from Reuters.

    Apollo offered about $130 for each share of Tech Data stock, Reuters said. That would be about 16.8 percent higher than Tech Data’s closing price of $111.34 a share at the end of the day Tuesday.