Dual-listed Datatec has sold 100% of its technology distribution division Westcon-Comstor North America and Latin America operations and 10% of Westcon International to NYSE-listed Synnex for $800-million and $30-million respectively. The aggregate $830-million consideration comprises payment of $630-million on closing – $500-million in Synnex shares and $130-million in cash – with an additional $200-million cash earn-out payment subject to Westcon Americas’s performance in the 2018 financial year.
Source: www.engineeringnews.co.za
Datatec sells Westcon to US-based Synnex in 0m deal
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