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Tech Industry

Short Take: Tech Data files for offering

Personal computer products distributor Tech Data filed with the Securities and Exchange Commission for a public offering of 3.5 million shares of common stock and $175 million of convertible subordinated notes. The shares of stock and notes are expected to be offered in October, said the company. The offering, based on yesterday's closing of 46-5/16, is valued at about $162.1 million.

Personal computer products distributor Tech Data filed with the Securities and Exchange Commission for a public offering of 3.5 million shares of common stock and $175 million of convertible subordinated notes. The shares of stock and notes are expected to be offered in October, said the company. The offering, based on yesterday's closing of 46-5/16, is valued at about $162.1 million.