• Tech Data is a well-run company that has been rewarded by a steady rise of its share price.
• By taking over Technology Solutions, it is expanding, rather than using its cash flow to reduce the number of outstanding shares.
• We think there are enough synergies and cross-selling opportunities for this to work out, even if the share price has already discounted a fair amount of this.

Source: Tech Data’s Acquisition Of Technology Solutions Will Give It Legs