Benzinga | Jun 30, 2021 05:28PM EDT

SYNNEX Corporation Stockholders Approve Merger with Tech Data

SYNNEX Corporation (NYSE:SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that, based on the voting results from its special meeting held today, SYNNEX stockholders have approved the previously announced merger agreement with Tech Data.

"We would like to thank our shareholders for their full support of this merger," said Dennis Polk, CEO of SYNNEX. "We look forward to completing the remaining steps to close this transaction."

Approval by SYNNEX stockholders is a condition to the closing of the merger. The transaction remains subject to the satisfaction of regulatory approvals and customary closing conditions and is expected to close in the second half of calendar year 2021.