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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 TECH DATA CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Securities Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: Common stock, par value $0.0015 per share (“common stock”) (2) Aggregate number of securities to which transaction applies: The maximum number of shares of common stock to which this transaction applies is estimated to be 36,292,593, which consists of (a) 35,422,796 shares of common stock outstanding; (b) 582,669 shares of common stock subject to restricted stock units; and (c) 287,128 shares of common stock subject to performance-based restricted stock units. (3) Per unit price or other underlying value of transaction computed pursuant to Securities Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): In accordance with Section 14(g) of the Securities Exchange Act of 1934, as amended, the filing fee was determined by multiplying 0.0001298 by $5,262,425,985, which, solely for the purpose of calculating the filing fee, represents the underlying value of the transaction, calculated based on the sum of (a) the product of 35,422,796 shares of common stock outstanding and the per share merger consideration of $145.00; (b) the product of 582,669 shares of common stock subject to restricted stock units and the per share merger consideration of $145.00; and (c) the product of 287,128 shares of common stock subject to performance-based restricted stock units and the per share merger consideration of $145.00. (4) Proposed maximum aggregate value of transaction: $5,262,425,985 (5) Total fee paid: $683,062.89 Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Securities Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed:
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  • Table of Contents

    UNITED STATESSECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 14AProxy Statement Pursuant to Section 14(a) of the

    Securities Exchange Act of 1934

    FiledbytheRegistrant

    FiledbyaPartyotherthantheRegistrant

    Checktheappropriatebox:

    ☒ PreliminaryProxyStatement

    ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

    ☐ DefinitiveProxyStatement

    ☐ DefinitiveAdditionalMaterials

    ☐ SolicitingMaterialPursuantto§240.14a-12

    TECH DATA CORPORATION(Name of Registrant as Specified In Its Charter)

    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

    PaymentofFilingFee(Checktheappropriatebox):

    ☐ Nofeerequired.

    ☒ FeecomputedontablebelowperSecuritiesExchangeActRules14a-6(i)(1)and0-11.

    (1)

    Titleofeachclassofsecuritiestowhichtransactionapplies:

    Commonstock,parvalue$0.0015pershare(“commonstock”)

    (2)

    Aggregatenumberofsecuritiestowhichtransactionapplies:

    Themaximumnumberofsharesofcommonstocktowhichthistransactionappliesisestimatedtobe36,292,593,whichconsistsof(a)35,422,796sharesofcommonstockoutstanding;(b)582,669sharesofcommonstocksubjecttorestrictedstockunits;and(c)287,128sharesofcommonstocksubjecttoperformance-basedrestrictedstockunits.

    (3)

    PerunitpriceorotherunderlyingvalueoftransactioncomputedpursuanttoSecuritiesExchangeActRule0-11(setforththeamountonwhichthefilingfeeiscalculatedandstatehowitwasdetermined):

    InaccordancewithSection14(g)oftheSecuritiesExchangeActof1934,asamended,thefilingfeewasdeterminedbymultiplying0.0001298by$5,262,425,985,which,solelyforthepurposeofcalculatingthefilingfee,representstheunderlyingvalueofthetransaction,calculatedbasedonthesumof(a)theproductof35,422,796sharesofcommonstockoutstandingandthepersharemergerconsiderationof$145.00;(b)theproductof582,669sharesofcommonstocksubjecttorestrictedstockunitsandthepersharemergerconsiderationof$145.00;and(c)theproductof287,128sharesofcommonstocksubjecttoperformance-basedrestrictedstockunitsandthepersharemergerconsiderationof$145.00.

    (4)

    Proposedmaximumaggregatevalueoftransaction:

    $5,262,425,985

    (5)

    Totalfeepaid:

    $683,062.89

    ☐ Feepaidpreviouslywithpreliminarymaterials.

    CheckboxifanypartofthefeeisoffsetasprovidedbySecuritiesExchangeActRule0-11(a)(2)andidentifythefilingforwhichtheoffsettingfeewaspaidpreviously.Identifythepreviousfilingbyregistrationstatementnumber,ortheFormorScheduleandthedateofitsfiling.

    (1)

    AmountPreviouslyPaid:

    (2)

    Form,ScheduleorRegistrationStatementNo.:

    (3)

    FilingParty:

    (4)

    DateFiled:

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    PRELIMINARY PROXY STATEMENT, SUBJECT TO COMPLETION, DATED DECEMBER 11, 2019

    TECH DATA CORPORATION

    [●]

    ToourShareholders:

    YouarecordiallyinvitedtoattendaspecialmeetingoftheshareholdersofTechDataCorporation(“TechData”)tobeheldattheRaymundCenter,5350TechDataDrive,Clearwater,Florida33760on[●],2020at[●]EasternTime(the“SpecialMeeting”).

    AttheSpecialMeeting,holdersofrecordofourcommonstock,parvalue$0.0015pershare(“TechDatacommonstock”),atthecloseofbusinesson[●](the“recorddate”),willbeaskedtoconsiderandvoteonaproposaltoapproveandadopttheAgreementandPlanofMerger,datedasofNovember12,2019,asamendedonNovember27,2019byAmendmentNo.1toAgreementandPlanofMerger(asfurtheramendedormodifiedfromtimetotime,the“MergerAgreement”),amongTechData,TigerMidco,LLC(“Parent”)andTigerMergerSubCo.(“MergerSub”).SubjecttothetermsandconditionsoftheMergerAgreementandtheapplicableprovisionsoftheFloridaBusinessCorporationAct,Chapter607,PartI,FloridaStatutes(the“FBCA”),MergerSubwillbemergedwithandintoTechDataandTechDatawillsurvivethemergerasadirectwhollyownedsubsidiaryofParent(the“Merger”).ParentandMergerSubareaffiliatesofcertainfundsmanagedbyaffiliatesofApolloGlobalManagement,Inc.

    IftheMergeriscompleted,eachshareofTechDatacommonstockoutstandingimmediatelypriortotheeffectivetimeoftheMerger(the“EffectiveTime”)(otherthansharesofTechDatacommonstockheldbyParent,MergerSuborTechData(includingtreasuryshares)attheEffectiveTime)will,attheEffectiveTime,automaticallybeconvertedintotherighttoreceive$145.00incash,withoutinterest,subjecttoapplicablewithholdingtaxes,whichrepresentsapremiumof30.2%toTechData’sclosingsharepriceonOctober15,2019,whichwasthelasttradingdaypriortopublishedmarketspeculationregardingapotentialtransactioninvolvingTechData.TheproposaltoapproveandadopttheMergerAgreementrequirestheaffirmativevoteoftheholdersofatleastamajorityoftheoutstandingsharesofTechDatacommonstockentitledtovotethereoninaccordancewiththeapplicableprovisionsoftheFBCA.

    TechDatacommonstockislistedontheNASDAQStockMarket(the“NASDAQ”)underthesymbol“TECD”.TheclosingsalespriceofTechDatacommonstockontheNASDAQon[●],themostrecentpracticabledatepriortothedateoftheaccompanyingproxystatement,was$[●]pershare.

    TheTechDataboardofdirectors(the“Board”)hasreviewedandconsideredthetermsandconditionsoftheMergerAgreementandtheMergerandhasunanimously(i)adoptedtheMergerAgreementandapprovedtheexecution,deliveryandperformancebyTechDataoftheMergerAgreementandtheconsummationofthetransactionscontemplatedthereby,(ii)determinedthattheMergerAgreementandthetransactionscontemplatedtherebywerefairtoandinthebestinterestsofTechDataanditsshareholders,(iii)approvedanddeclaredadvisabletheMergerAgreementandtheconsummationoftheMergerand(iv)determinedtosubmittheMergerAgreementforapprovalandadoptionbyTechData’sshareholdersandrecommendedthattheTechData’sshareholdersapproveandadopttheMergerAgreement.TheBoardmadeitsdeterminationafterconsultationwithitsoutsidelegalcounselandfinancialadvisorandconsiderationofanumberoffactorsmorefullydescribedintheaccompanyingproxystatement.The Board unanimously recommends thatyou vote “FOR” the proposal to approve and adopt the Merger Agreement.

    AttheSpecialMeeting,shareholderswillalsobeaskedtovoteon(i)aproposaltoapprove,onanon-binding,advisorybasis,certaincompensationthatwillormaybepaidtoTechData’snamedexecutive

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    officersbyTechDatabasedonorotherwiserelatingtotheMerger,asrequiredbytherulesadoptedbytheU.S.SecuritiesandExchangeCommission(the“SEC”)and(ii)aproposaltoapproveanadjournmentoftheSpecialMeeting,fromtimetotime,ifnecessaryorappropriate,includingtosolicitadditionalproxiesifthereareinsufficientvotesatthetimeoftheSpecialMeetingtoapprovetheproposaltoapproveandadopttheMergerAgreementorintheabsenceofaquorum.The Board unanimously recommends that you vote “FOR” each of these proposals.

    TheBoardissolicitingyourproxytoassurethataquorumispresentandthatyoursharesarerepresentedandvotedattheSpecialMeetingandanypostponementoradjournmentthereof.

    Ifyoursharesareheldin“streetname,”youshouldinstructyourbank,brokeragefirmorothernomineehowtovoteyoursharesoneachproposalinaccordancewithyourvotinginstructionform.

    TheMergercannotbecompletedunlessTechDatashareholdersapproveandadopttheMergerAgreement.Your vote is very important, regardlessof the number of shares you own. Whether or not you expect to attend the Special Meeting in person, please submit a proxy to vote your shares aspromptly as possible so that your shares may be represented and voted at the Special Meeting. If you attend the Special Meeting and vote inperson, your vote by ballot will revoke any proxy previously submitted. If you fail to return your proxy card and you are a holder of record on therecord date, unless you attend the Special Meeting in person, the effect will be that your shares of Tech Data common stock will not be consideredpresent at the Special Meeting for the purpose of determining whether a quorum is present at the Special Meeting and will have the same effect asa vote “AGAINST” the approval and adoption of the Merger Agreement. Similarly, if you hold your shares in “street name” and fail to instructyour bank, brokerage firm or other nominee how to vote your shares, your shares will not be counted for purposes of determining whether aquorum is present and will have the same effect as a vote “AGAINST” the adoption of the Merger Agreement.

    TheaccompanyingproxystatementcontainsdetailedinformationaboutTechData,theSpecialMeeting,theMergerAgreement,theMerger,theMerger-relatednamedexecutiveofficercompensationproposalandtheadjournment-relatedproposal.AcopyoftheMergerAgreementisattachedasAnnex Atotheaccompanyingproxystatementandincorporatedthereinbyreference.Weurgeyouto,andyoushould,readtheentireproxystatementcarefully,includingtheMergerAgreementandtheotherannexesandthedocumentsreferredtoorincorporatedbyreferenceintheaccompanyingproxystatement.YoumayobtainadditionalinformationaboutTechDatafromdocumentswehavefiledwiththeSEC.

    IfyouhaveanyquestionsorneedassistancevotingyoursharesofTechDatacommonstock,pleasecontactMacKenziePartners,Inc.,ourproxysolicitor,[email protected].

    ThankyouforyourconfidenceinTechData.

    Sincerely,

    RichardT.HumeChiefExecutiveOfficer

    Neither the SEC nor any state securities regulatory agency has approved or disapproved of the Merger, passed upon the merits or fairness ofthe Merger Agreement or the Merger or determined if the accompanying proxy statement is accurate or complete. Any representation to thecontrary is a criminal offense.

    Theaccompanyingproxystatementisdated[●]and,togetherwiththeenclosedformofproxycard,isfirstbeingmailedtoTechDatashareholdersonorabout[●].

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    TECH DATA CORPORATION5350 TECH DATA DRIVE

    CLEARWATER, FLORIDA 33760

    NOTICE OF SPECIAL MEETING OF SHAREHOLDERS

    DATE & TIME

    [●],2020at[●],EasternTime

    PLACE

    RaymundCenter,5350TechDataDrive,Clearwater,Florida33760

    ITEMS OF BUSINESS

    •  ToconsiderandvoteonaproposaltoapproveandadopttheAgreementandPlanofMerger,datedasofNovember12,2019,asamendedonNovember27,2019byAmendmentNo.1toAgreementandPlanofMerger(asfurtheramendedormodifiedfromtimetotime,the“MergerAgreement”),amongTechDataCorporation(“TechData”),TigerMidco,LLCandTigerMergerSubCo.(the“MergerProposal”)andthetransactionscontemplatedthereby;acopyoftheMergerAgreementisattachedtotheaccompanyingproxystatementasAnnex Aandisincorporatedthereinbyreference;

    •  Toconsiderandvoteonaproposaltoapprove,onanon-binding,advisorybasis,certaincompensationthatwillormaybepaidbyTechDatatoitsnamedexecutiveofficersthatisbasedonorotherwiserelatestotheMerger(the“namedexecutiveofficerMerger-relatedcompensationproposal”);

    •  ToconsiderandvoteonaproposaltoapproveanadjournmentofthespecialmeetingofTechDatashareholders(the“SpecialMeeting”)fromtimetotime,ifnecessaryorappropriate,includingtosolicitadditionalproxiesifthereareinsufficientvotesatthetimeoftheSpecialMeetingtoapprovetheMergerProposalorintheabsenceofaquorum(the“AdjournmentProposal”);and

    •  TotransactsuchotherbusinessasmayproperlybebroughtbeforetheSpecialMeeting,oranyadjournmentsorpostponementsoftheSpecialMeeting,byoratthedirectionoftheTechDataboardofdirectors(the“Board”).

    RECORD DATE

    OnlyholdersofrecordofTechDatacommonstock,parvalue$0.0015pershare(“TechDatacommonstock”),atthecloseofbusinesson[●](the“recorddate”)areentitledtonoticeof,andtovoteat,theSpecialMeetingandatanyadjournmentorpostponementoftheSpecialMeeting.

    VOTING BY PROXY

    Your vote is very important, regardless of the number of shares you own.TheBoardissolicitingyourproxytoassurethataquorumispresentandthatyoursharesarerepresentedandvotedattheSpecialMeetinginaccordancewiththeapplicableprovisionsoftheFloridaBusinessCorporationAct(the“FBCA”).ForinformationonsubmittingyourproxyovertheInternet,bytelephoneorbymailingbackthetraditionalproxycard(noextrapostageisneededfortheprovidedenvelopeifmailedintheU.S.),pleaseseetheattachedproxystatementandenclosedproxycard.IfyoulaterdecidetovoteinpersonattheSpecialMeeting,informationonrevokingyourproxypriortotheSpecialMeetingisalsoprovided.

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    RECOMMENDATIONS

    TheBoardrecommendsthatyouvote:

    •  “FOR”theMergerProposal;

    •  “FOR” thenamedexecutiveofficerMerger-relatedcompensationproposal;and

    •  “FOR” theAdjournmentProposal.

    APPRAISAL

    UndertheFBCA,solongasTechDatacommonstockcontinuestobelistedontheNASDAQ,,appraisalrightswillnotbeavailabletoTechData’sshareholdersinconnectionwiththeMerger.

    YOUR VOTE IS VERY IMPORTANT. WHETHER OR NOT YOU PLAN TO ATTEND THE SPECIAL MEETING IN PERSON,PLEASE SUBMIT A PROXY TO VOTE YOUR SHARES OVER THE INTERNET OR BY TELEPHONE PURSUANT TO THEINSTRUCTIONS CONTAINED IN THESE MATERIALS OR COMPLETE, DATE, SIGN AND RETURN A PROXY CARD AS PROMPTLYAS POSSIBLE.IFYOURECEIVEMORETHANONEPROXYBECAUSEYOUOWNSHARESREGISTEREDINDIFFERENTNAMESORADDRESSES,EACHPROXYSHOULDBESUBMITTED.IFYOUDONOTSUBMITYOURPROXYORVOTEINPERSONATTHESPECIALMEETINGONTHEMERGERPROPOSAL,ITWILLHAVETHESAMEEFFECTASAVOTE“AGAINST”THEMERGERPROPOSAL.IFYOUHOLDYOURSHARESIN“STREETNAME”ANDDONOTINSTRUCTYOURBANK,BROKERAGEFIRMOROTHERNOMINEEHOWTOVOTEYOURSHARES,ITWILLHAVETHESAMEEFFECTASAVOTE“AGAINST”THEMERGERPROPOSAL.

    YourproxymayberevokedatanytimebeforethevoteattheSpecialMeetingbyfollowingtheproceduresoutlinedintheaccompanyingproxystatement.

    Ifyoursharesareheldbyabank,brokeragefirmorothernomineeandyouwishtovoteinpersonattheSpecialMeeting,youmustbringtotheSpecialMeetingaproxyfromthebank,brokeragefirmorothernomineethatholdsyoursharesauthorizingyoutovoteinpersonattheSpecialMeeting.PleasealsobringtotheSpecialMeetingyouraccountstatementevidencingyourbeneficialownershipofTechDatacommonstockasoftherecorddate.Allshareholdersshouldalsobringphotoidentification.

    TheproxystatementofwhichthisnoticeformsapartprovidesadetaileddescriptionoftheMerger,theMergerAgreement,theMergerProposal,thenamedexecutiveofficerMerger-relatedcompensationproposalandtheAdjournmentProposalandprovidesspecificinformationconcerningtheSpecialMeeting.Weurgeyoutoreadtheproxystatement,includinganydocumentsincorporatedthereinbyreference,anditsannexescarefullyandintheirentirety.IfyouhaveanyquestionsconcerningtheMergerortheproxystatement,wouldlikeadditionalcopiesoftheproxystatementorneedhelpvotingyoursharesofTechDatacommonstock,pleasecontactTechData’sproxysolicitor,MacKenziePartners,Inc.,[email protected].

    ByOrderoftheBoardofDirectors,

    WayneO.HanewiczCorporateVicePresident,Secretary

    Clearwater,FL[●]

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    TABLE OF CONTENTS

    SUMMARYTERMSHEET

    1

    TheParties

    1

    TheSpecialMeeting

    2

    TheMerger

    6

    QUESTIONSANDANSWERSABOUTTHESPECIALMEETINGANDTHEMERGER

    14

    CAUTIONARYSTATEMENTREGARDINGFORWARD-LOOKINGSTATEMENTS

    24

    THEPARTIESTOTHEMERGER

    26

    TechDataCorporation

    26

    TigerMidco,LLC

    26

    TigerMergerSubCo.

    26

    THESPECIALMEETING

    28

    Date,TimeandPlace

    28

    PurposeoftheSpecialMeeting

    28

    RecommendationoftheBoard

    28

    RecordDate;ShareholdersEntitledtoVote

    29

    Quorum

    29

    RequiredVote

    29

    AbstentionsandBrokerNon-Votes

    30

    FailuretoVote

    30

    VotingbyTechData’sDirectorsandExecutiveOfficers

    31

    VotingattheSpecialMeeting

    31

    RevocationofProxies

    32

    SolicitationofProxies

    32

    Adjournment

    32

    OtherInformation

    33

    Questions

    33

    THEMERGERPROPOSAL(PROPOSAL1)

    34

    StructureoftheMerger

    34

    WhatShareholdersWillReceiveintheMerger

    34

    TreatmentofTechDataEquityAwards

    34

    EffectsonTechDataiftheMergerIsNotCompleted

    34

    BackgroundoftheMerger

    35

    RecommendationoftheBoardandReasonsfortheMerger

    44

    OpinionofTechData’sFinancialAdvisor

    50

    CertainUnauditedProspectiveFinancialInformation

    56

    InterestsofTechData’sExecutiveOfficersandDirectorsintheMerger

    58

    FinancingoftheMerger

    65

    i

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    LimitedGuarantee

    65

    AntitrustReviewRequiredfortheMergerandOtherRegulatoryFilings

    66

    MaterialU.S.FederalIncomeTaxConsequencesoftheMerger

    67

    AppraisalRights

    67

    DelistingandDeregistrationofTechDataCommonStock

    67

    THEMERGERAGREEMENT

    68

    ExplanatoryNoteRegardingtheMergerAgreement

    68

    StructureoftheMerger;CertificateofIncorporation;Bylaws;DirectorsandOfficers

    68

    ClosingandEffectivenessoftheMerger

    68

    MergerConsideration

    69

    ExchangeandPaymentProcedures

    69

    NoTransfersFollowingtheEffectiveTime

    70

    TerminationofPaymentFund

    70

    Lost,StolenorDestroyedCertificates

    70

    WithholdingTaxes

    70

    TreatmentofTechDataEquityAwards

    70

    RepresentationsandWarranties

    71

    CovenantsRelatingtotheConductofBusinessPendingtheMerger

    74

    Access

    76

    CompanyTakeoverProposal;Non-Solicitation

    77

    CompanyShareholdersMeeting

    80

    FinancingandFinancingCooperation

    81

    EmployeeMatters

    88

    EffortstoCompletetheMerger

    89

    IndemnificationandInsurance

    90

    CoordinationonTransactionLitigation

    91

    ConductofParentandMergerSubPendingtheMerger

    91

    DelistingandDeregistrationofTechDataCommonStock

    91

    OtherCovenantsandAgreements

    91

    ConditionstotheClosingoftheMerger

    92

    Termination

    93

    TerminationFeesandExpenses

    94

    LimitationonRemedies

    96

    AmendmentandWaiveroftheMergerAgreement

    96

    Expenses

    96

    SpecificPerformance

    97

    GoverningLaw

    98

    Jurisdiction

    98

    RequiredVote;RecommendationoftheBoard

    98

    ADVISORYVOTEONNAMEDEXECUTIVEOFFICERMERGER-RELATEDCOMPENSATIONPROPOSAL(PROPOSAL2)

    99

    ii

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    THEADJOURNMENTPROPOSAL(PROPOSAL3)

    100

    MARKETPRICESOFTECHDATACOMMONSTOCK

    101

    MarketInformation

    101

    Holders

    101

    Dividends

    101

    SECURITYOWNERSHIPOFCERTAINBENEFICIALOWNERSANDMANAGEMENT

    102

    MATERIALU.S.FEDERALINCOMETAXCONSEQUENCESOFTHEMERGER

    104

    FUTURETECHDATASHAREHOLDERPROPOSALS

    106

    MULTIPLESHAREHOLDERSSHARINGONEADDRESS

    107

    WHEREYOUCANFINDMOREINFORMATION

    108

    AnnexA

    A-1

    AnnexB

    B-1

    iii

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    SUMMARY TERM SHEET

    This summary highlights information contained elsewhere in this proxy statement and may not contain all the information that is important to youwith respect to the Merger Agreement, the Merger and the other matters being considered at the Special Meeting of Tech Data shareholders. We urge youto read carefully the remainder of this proxy statement, including the attached annexes, and the other documents to which we have referred you. Foradditional information on Tech Data, see the section entitled “Where You Can Find More Information” beginning on page [●]. We have included pagereferences in this summary to direct you to a more complete description of the topics presented below.

    Allreferencesto“TechData,”the“Company,”“we,”“us,”or“our”inthisproxystatementrefertoTechDataCorporation,aFloridacorporation.TechData,followingthecompletionoftheMerger,issometimesreferredtointhisproxystatementasthe“survivingcorporation.”Inaddition,unlessotherwiseindicated,orunlessthecontextotherwiserequires,areferenceinthisproxystatementto:

    • “Amendment”meanstheAmendmentNo.1toAgreementandPlanofMerger,datedasofNovember27,2019,byandamongTechData,ParentandMergerSub;

    • “Apollo”meansApolloGlobalManagement,Inc.anditssubsidiaries;

    • “ApolloFunds”meanscertainfundsaffiliatedwithParentandMergerSubandmanagedbyaffiliatesofApollo;

    • “Board”meanstheboardofdirectorsofTechData;

    • “FBCA”meanstheFloridaBusinessCorporationAct,Chapter607,FloridaStatutes(asthesameisineffectandapplicableontherelevantdateordates);

    • “Merger”meansthemergerofMergerSubwithandintoTechDataonthetermsandsubjecttotheconditionssetforthintheMergerAgreement,withTechDatasurvivingasadirectwhollyownedsubsidiaryofParent;

    • “MergerAgreement”meanstheAgreementandPlanofMerger,datedasofNovember12,2019,asamendedonNovember27,2019bythe

    Amendment,asfurtheramendedormodifiedfromtimetotime,acopyofwhichisattachedasAnnex Atothisproxystatementandisincorporatedbyreferenceherein;

    • “MergerSub”meansTigerMergerSubCo.,aDelawarecorporationandawhollyownedsubsidiaryofParent,formedsolelyforthepurposeofenteringintotheMergerAgreementandengaginginthetransactionscontemplatedbytheMergerAgreement;

    • “OriginalAgreement”meanstheAgreementandPlanofMerger,datedasofNovember12,2019,byandamongTechData,ParentandMergerSub;

    • “Parent”meansTigerMidco,LLC,aDelawarelimitedliabilitycompanyandthesolestockholderofMergerSub;and

    • “TechDatacommonstock”meansthecommonstock,parvalue$0.0015pershare,ofTechData.

    The Parties

    Tech Data Corporation (see page [●])

    TechDataconnectstheworldwiththepoweroftechnology.Ourend-to-endportfolioofproducts,servicesandsolutions,highlyspecializedskills,andexpertiseinnext-generationtechnologiesenablechannelpartnerstobringtomarkettheproductsandsolutionstheworldneedstoconnect,growandadvance.TechDataisrankedNo.88ontheFortune500®andhasbeennamedoneofFortune’sWorld’sMostAdmiredCompaniesfor10straightyears.

    1

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    TechDataisacorporationorganizedunderthelawsoftheStateofFloridaandheadquarteredinClearwater,Florida.TechData’sprincipalofficesarelocatedat5350TechDataDrive,Clearwater,FL33760andourtelephonenumberis(727)539-7429.TechDatacommonstockistradedontheNASDAQStockMarket(the“NASDAQ”)underthetickersymbol“TECD”.Ourcorporatewebaddressiswww.techdata.com.Theinformationprovidedon,orthatmaybeaccessedthrough,theTechDatawebsiteisnotpartofthisproxystatementandisnotincorporatedinthisproxystatementbyreferenceherebyorbyanyotherreferencetoTechData’swebsiteprovidedinthisproxystatement.

    AdditionalinformationaboutTechDataiscontainedinourpublicfilingswiththeU.S.SecuritiesandExchangeCommission(the“SEC”).Seethesectionentitled“WhereYouCanFindMoreInformation”beginningonpage[●].

    Tiger Midco, LLC (see page [●])

    ParentisaDelawarelimitedliabilitycompanyandthesolestockholderofMergerSub,thatwasformedsolelyforthepurposeofenteringintotheMergerAgreementandrelatedagreementsandcompletingthetransactionscontemplatedthereby.ParenthasnotconductedanybusinessoperationsotherthaninconnectionwiththetransactionscontemplatedbytheMergerAgreementandrelatedagreements.Uponcompletionofthetransactionscontemplatedthereby,TechDatawillbeadirectwhollyownedsubsidiaryofParent.

    ParentisanaffiliateoftheApolloFunds.TheApolloFundsaremanagedbyaffiliatesofApollo.ApolloisaleadingglobalalternativeinvestmentmanagerwithofficesinNewYork,LosAngeles,SanDiego,Houston,Bethesda,London,Frankfurt,Madrid,Luxembourg,Mumbai,Delhi,Singapore,HongKong,ShanghaiandTokyo.Apollohadassetsundermanagementofapproximately$323billionasofSeptember30,2019incredit,privateequityandrealassetsfundsinvestedacrossacoregroupofnineindustrieswhereApollohasconsiderableknowledgeandresources.Apollo’sClassAsharesarelistedontheNewYorkStockExchangeunderthesymbol“APO.”

    Tiger Merger Sub Co. (see page [●])

    MergerSubisaDelawarecorporationandawhollyownedsubsidiaryofParentthatwasformedsolelyforthepurposeofenteringintotheMergerAgreementandcompletingthetransactionscontemplatedthereby.MergerSubhasnotconductedanybusinessoperationsotherthaninconnectionwiththetransactionscontemplatedbytheMergerAgreementandrelatedagreements.UponcompletionoftheMerger,MergerSubwillmergewithandintoTechData,andMergerSubwillceasetoexist.

    The Special Meeting

    Date, Time and Place (see page [●])

    ThespecialmeetingofTechDatashareholders(the“SpecialMeeting”)isscheduledtobeheldattheRaymundCenter,5350TechDataDrive,Clearwater,Florida33760,on[●],2020at[●],EasternTime.

    Purpose of the Meeting (see page [●])

    TheSpecialMeetingisbeingheldinordertoconsiderandvoteonthefollowingproposals:

    • ToapproveandadopttheMergerAgreement,includingtheplanofMergercontemplatedbytheMergerAgreementandthetransactionscontemplatedthereby,allinaccordancewiththeFBCA(the“MergerProposal”);

    • Toapprove,onanon-binding,advisorybasis,certaincompensationthatwillormaybepaidbyTechDatatoitsnamedexecutiveofficersthatisbasedonorotherwiserelatestotheMerger(the“namedexecutiveofficerMerger-relatedcompensationproposal”);and

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    • ToapprovetheadjournmentoftheSpecialMeeting,fromtimetotime,ifnecessaryorappropriate,includingtosolicitadditionalproxiesif

    thereareinsufficientvotesatthetimeoftheSpecialMeetingtoapprovetheMergerProposalorintheabsenceofaquorum(the“AdjournmentProposal”).

    ShareholdersmayalsobeaskedtotransactsuchotherbusinessasmayproperlybebroughtbeforetheSpecialMeeting,oranyadjournmentsorpostponementsoftheSpecialMeeting,byoratthedirectionoftheBoard.

    TheBoardhasreviewedandconsideredthetermsandconditionsoftheMergerAgreementandtheMerger.Afterconsultingwithitsoutsidelegalcounselandfinancialadvisorandafterconsiderationofvariousfactorsmorefullydescribedinthisproxystatement,theBoardunanimously(i)adoptedtheMergerAgreementandapprovedtheexecution,deliveryandperformancebyTechDataoftheMergerAgreementandtheconsummationofthetransactionscontemplatedthereby,(ii)determinedthattheMergerAgreementandthetransactionscontemplatedtherebywerefairtoandinthebestinterestsofTechDataanditsshareholders,(iii)approvedanddeclaredadvisabletheMergerAgreementandtheconsummationoftheMergerand(iv)determinedtosubmittheMergerAgreementforapprovalandadoptionbyTechData’sshareholdersandrecommendedthattheTechData’sshareholdersapproveandadopttheMergerAgreement.The Board unanimously recommends that Tech Data shareholders vote “FOR” the Merger Proposal, “FOR” the namedexecutive officer Merger-related compensation proposal and “FOR” the Adjournment Proposal.

    TheholdersofatleastamajorityoftheoutstandingsharesofTechDatacommonstockentitledtovoteontheMergerProposalmustvotetoapprovetheMergerProposalasaconditionfortheMergertooccur.IfTechDatashareholdersfailtoapprovetheMergerProposalbytherequisitevote,theMergerwillnotoccur.

    Record Date; Shareholders Entitled to Vote (see page [●])

    OnlyholdersofrecordofTechDatacommonstockatthecloseofbusinesson[●],therecorddatefortheSpecialMeeting(the“recorddate”),willbeentitledtonoticeof,andtovoteat,theSpecialMeetingoranyadjournmentsorpostponementsoftheSpecialMeeting.Ontherecorddate,[●]sharesofTechDatacommonstockwereissuedandoutstanding,heldbyapproximately[●]holdersofrecord.

    HoldersofrecordofTechDatacommonstockareentitledtoonevoteoneachmattersubmittedtoavoteattheSpecialMeetingforeachshareofTechDatacommonstocktheyownofrecordontherecorddate.AcompletelistofshareholdersentitledtovoteattheSpecialMeetingwillbeavailableforinspectionduringregularbusinesshoursforaperiodofnolessthan10daysbeforetheSpecialMeetingandattheSpecialMeeting.

    Quorum (see page [●])

    UnderourbylawsandtheFBCA,theholders(asoftherecorddate)ofamajorityoftheoutstandingsharesofTechDatacommonstockentitledtovoteonamatterattheSpecialMeeting,whetherrepresentedinpersonorbyproxy,willconstituteaquorumonthatmatterattheSpecialMeeting.TheremustbeaquorumforbusinesstobeconductedattheSpecialMeeting.IfthereislessthanaquorumpresentattheSpecialMeeting,theshareholderspresentmayadjournthemeetingfromtimetotimewithoutfurthernoticeotherthanannouncementatthemeetinginaccordancewiththeFBCA,untilaquorumshallbepresentorrepresented.

    Ifyousubmit(anddonotthereafterrevoke)aproperlyexecutedproxycard,evenifyouabstainfromvoting,yoursharesofTechDatacommonstockwillbecountedforpurposesofdeterminingwhetheraquorumispresentattheSpecialMeeting.IntheeventthataquorumisnotpresentattheSpecialMeetingoradditionalvotesmustbesolicitedtoapprovetheMergerProposal,themeetingmaybeadjournedorpostponedtosolicitadditionalproxies.

    Asoftherecorddate,therewere[●]sharesofTechDatacommonstockissuedandoutstanding.

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    Required Vote (see page [●])

    TheapprovaloftheMergerProposalrequirestheaffirmativevoteofatleastamajorityofallvotesentitledtobecastbytheholdersofTechDatacommonstockoutstandingontherecorddate.

    TheapprovalofthenamedexecutiveofficerMerger-relatedcompensationproposal(onanon-binding,advisorybasis)requirestheaffirmativevoteoftheholdersofatleastamajorityofthevotescastattheSpecialMeeting.

    TheapprovaloftheAdjournmentProposalrequirestheaffirmativevoteoftheholdersofatleastamajorityofthevotescastattheSpecialMeeting.

    Asoftherecorddate,therewere[●]sharesofTechDatacommonstockissuedandoutstanding.

    Voting at the Special Meeting (see page [●])

    IfyoursharesofTechDatacommonstockareregistereddirectlyinyournamewithourtransferagent,youareconsidereda“shareholderofrecord.”ShareholdersofrecordcanvotetheirsharesofTechDatacommonstockinthefollowingfourways:(i)byindicatingyourvotebycompleting,signinganddatingtheproxycardwhereindicatedandbymailingorotherwisereturningthecardintheenvelopethatwillbeprovidedtoyou,(ii)bysubmittingyourproxybytelephonebydialingthetoll-freenumber[●],(iii)bysubmittingyourproxyovertheInternetbygoingto[●]or(iv)byattendingtheSpecialMeetingandvotingyoursharesinperson.EvenifyouplantoattendtheSpecialMeeting,TechDataencouragesyoutosubmitaproxyinadvancebyInternet,telephoneormailsothatyourvotewillbecountedevenifyoulaterdecidenottoattendtheSpecialMeeting.VotescastinpersonorbyproxyattheSpecialMeetingwillbetabulatedbytheinspectorsofelectionappointedfortheSpecialMeeting,whoalsowilldeterminewhetheraquorumispresent.

    Ifyoursharesareheldbyyourbank,brokeragefirmorothernominee,youareconsideredthebeneficialownerofsharesheldin“streetname”andyouwillreceiveaformfromyourbank,brokeragefirmorothernomineeseekinginstructionfromyouastohowyoursharesshouldbevoted.Youshouldinstructyourbank,brokeragefirmorothernomineehowtovoteyoursharesofTechDatacommonstockoneachproposalinaccordancewithyourvotinginstructionform.Ifyoubeneficiallyownyoursharesandreceiveavotinginstructionform,youcanvotebyfollowingtheinstructionsonyourvotinginstructionform.Pleaserefertoinformationfromyourbank,brokeragefirmorothernomineeonhowtosubmitvotinginstructions.Shareholderswhoowntheirsharesin“streetname”arenotabletovoteattheSpecialMeetingunlesstheyhavealegalproxy,executedintheirfavor,fromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingthemtherighttovotethesharesattheSpecialMeeting.

    YoumayrevokeyourproxyatanytimepriortothevoteattheSpecialMeetingby(i)sendingawrittenstatementtothateffecttoTechData,at5350TechDataDrive,Clearwater,FL33760,Attention:WayneO.Hanewicz,Secretary,bearingadatelaterthanthedateoftheproxy,thatisreceivedpriortotheSpecialMeeting,(ii)votingagainbyInternetortelephone,solongasyoudosobeforethedeadlineof[●]on[●],2020,(iii)submittingaproperlysignedproxycardwithalaterdateandmailingittotheaddresssetforththereinsothatitisreceivedpriortotheSpecialMeeting,or(iv)attendingtheSpecialMeetingandvotinginperson.AttendanceattheSpecialMeetingwillnot,inandofitself,resultintherevocationofaproxyorcauseyoursharesofTechDatacommonstocktobevoted.Ifyouholdsharesin“streetname,”youmaysubmitnewvotinginstructionsbycontactingyourbank,brokeragefirmorothernominee.YoumayalsochangeyourvoteorrevokeyourproxyinpersonattheSpecialMeetingifyouobtainasignedproxyfromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingyoutherighttovotetheshares.

    TechDatarecommendsthatyousubmitaproxytovoteyoursharesassoonaspossible,evenifyouareplanningtoattendtheSpecialMeetingtoensurethatyoursharesarerepresentedandvotedatthemeetingandsothatthevotecountwillnotbedelayed.

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    Abstentions and Broker Non-Votes (see page [●])

    Anabstentionoccurswhenashareholderattendsameeting,eitherinpersonorbyproxy,butabstainsfromvoting.AttheSpecialMeeting,abstentionswillbecountedaspresentforpurposesofdeterminingwhetheraquorumexists.Abstainingfromvotingwillhavethesameeffectasavote“AGAINST”theMergerProposal.AbstainingfromvotingwillhavenoeffectontheoutcomeofthenamedexecutiveofficerMerger-relatedcompensationproposalortheAdjournmentProposal.Ifnoinstructionastohowtovoteisgiven(includingnoinstructiontoabstainfromvoting)inanexecuted,dulyreturnedandnotrevokedproxythatisnotheldin“streetname”,theproxywillbevoted“FOR”(i)approvaloftheMergerProposal,(ii)approvalofthenamedexecutiveofficerMerger-relatedcompensationproposaland(iii)approvaloftheAdjournmentProposal.

    Brokernon-votesaresharesheldin“streetname”bybanks,brokeragefirmsorothernomineesthatarepresentorrepresentedbyproxyattheSpecialMeeting,butwithrespecttowhichthebank,brokeragefirmorothernomineeisnotinstructedbythebeneficialownerofsuchshareshowtovoteonaparticularproposalandsuchbank,brokeragefirmorothernomineedoesnothavediscretionaryvotingpoweronsuchproposal.Because,underNASDAQrules,banks,brokeragefirmsorothernomineesholdingsharesin“streetname”donothavediscretionaryvotingauthoritywithrespecttoanyofthethreeproposalsdescribedinthisproxystatement,ifabeneficialownerofsharesofTechDatacommonstockheldin“streetname”doesnotgivevotinginstructionstothebank,brokeragefirmorothernominee,thenthoseshareswillnotbecountedaspresentinpersonorbyproxyattheSpecialMeeting.AsthevotetoapprovetheMergerProposalisbasedonthetotalnumberofsharesofTechDatacommonstockoutstandingandentitledtovoteontheMergerProposalontherecorddate,notjustthesharesthatarecountedaspresentinpersonorbyproxyattheSpecialMeeting,ifyoufailtoissuevotinginstructionstoyourbank,brokeragefirmorothernominee,thesharesofTechDatacommonstockthatyouownwillnotbecountedforpurposesofdeterminingwhetheraquorumispresentattheSpecialMeetinganditwillhavethesameeffectasavote“AGAINST”theMergerProposal.

    Solicitation of Proxies (see page [●])

    TheBoardissolicitingyourproxy,andTechDatawillbearthecostofsolicitingproxies.MacKenziePartners,Inc.(“MacKenzie”)hasbeenretainedtoassistwiththesolicitationofproxiesandproviderelatedproxyadvisoryservices.MacKenziewillbepaidafinalfeenottoexceed$20,000plusreasonableanddocumentedout-of-pocketexpensesfortheseservicesinconnectionwiththeSpecialMeeting.TechDatawillalsoindemnifyMacKenzieforcertainlossesarisingoutoftheseservices.Solicitationinitiallywillbemadebymail.TechDataandMacKenziealsowillrequestthatbanks,brokeragefirms,andothercustodians,nomineesandfiduciariessendproxymaterialstothebeneficialownersofsharesofTechDatacommonstockandwill,ifrequested,reimbursethemfortheirreasonableout-of-pocketexpensesindoingso.

    Adjournment (see page [●])

    InadditiontotheMergerProposalandthenamedexecutiveofficerMerger-relatedcompensationproposal,TechDatashareholdersarealsobeingaskedtoapprovetheAdjournmentProposal,whichwillenabletheadjournmentoftheSpecialMeeting,ifnecessaryorappropriate,includingtosolicitadditionalproxiesifthereareinsufficientvotesatthetimeoftheSpecialMeetingtoapprovetheMergerProposalorintheabsenceofaquorum.

    Althoughitisnotcurrentlyexpected,ifaquorumisnotpresentattheSpecialMeeting,theshareholdersholdingamajorityofthesharesofTechDatacommonstockpresentinpersonorbyproxyattheSpecialMeetingandentitledtovotethereatmayadjourntheSpecialMeetingfromtimetotimeuntilaquorumshallbepresent.Ifanewrecorddateisormustbefixedunderlaw,anoticeoftheadjournedmeetingmustbegiventoeachshareholderofrecordasofthenewrecorddateandwhoisotherwiseentitledtonoticeofandvoteatsuchmeeting.Inaddition,theSpecialMeetingcouldbepostponedbeforeitcommences,subjecttothetermsoftheMergerAgreement.IftheSpecialMeetingisadjournedorpostponed,shareholderswhohavealreadysubmitted

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    theirproxieswillbeabletorevokethematanytimepriortothefinalvoteontheproposals.IfyoureturnaproxyanddonotindicatehowyouwishtovoteontheAdjournmentProposal,yourshareswillbevotedinfavoroftheAdjournmentProposal.

    The Merger

    TherightsandobligationsofthepartiestotheMergerAgreementaregovernedbythespecifictermsandconditionsoftheMergerAgreementandnotbyanysummaryorotherinformationinthisproxystatement.Therefore,theinformationinthisproxystatementregardingtheMergerAgreementandtheMergerisqualifiedinitsentiretybyreferencetotheMergerAgreement,acopyofwhichisattachedasAnnex Atothisproxystatementandisincorporatedhereinbyreference.WeencourageyoutoreadtheMergerAgreementcarefullyandinitsentiretybecauseitistheprincipallegalagreementthatgovernsthetermsandconditionsoftheMerger.

    Structure of the Merger (see page [●])

    IftheMergeriscompleted,thenattheeffectivetimeoftheMerger(the“EffectiveTime”),MergerSubwillmergewithandintoTechData,theseparatecorporateexistenceofMergerSubwillceaseandTechDatawillsurvivetheMergerasadirectwhollyownedsubsidiaryofParent.

    Merger Consideration (see page [●])

    UponthetermsandsubjecttotheconditionsoftheMergerAgreement,attheEffectiveTime,eachshareofTechDatacommonstockoutstandingimmediatelypriortotheEffectiveTime(otherthansharesheldbyTechDataastreasurystockorheldbyParentorMergerSub,ineachcase,immediatelypriortotheEffectiveTime(the“canceledshares”))willautomaticallybeconvertedintotherighttoreceive$145.00incash,withoutinterest,subjecttoanyapplicablewithholdingtaxes(the“MergerConsideration”).

    Treatment of Tech Data Equity Awards (see page [●])

    PursuanttotheMergerAgreement,asoftheEffectiveTime,eachCompanyRSUAward(asdefinedintheMergerAgreement)willvestatclosingandbecanceledandconvertedintotherighttoreceiveanamountincashequaltotheMergerConsiderationforeachshareofTechDatacommonstocksubjecttosuchCompanyRSUAwardimmediatelypriortotheEffectiveTime(lessapplicablewithholdingtaxes).EachCompanyPRSUAward(asdefinedintheMergerAgreement)will,atclosing,becanceledandconvertedintotherighttoreceiveanamountincashequaltotheMergerConsiderationforeachshareofTechDatacommonstocksubjecttosuchCompanyPRSUAwardimmediatelypriortotheEffectiveTime(lessapplicablewithholdingtaxes),withthenumberofsharesofTechDatacommonstocksubjecttoeachsuchCompanyPRSUAwarddeterminedasfollows:(A)withrespecttoeachCompanyPRSUAwardgrantedfortheperformanceperiodcommencingwiththeCompany’sfiscalyear2020,thenumberofsharesofTechDatacommonstocksubjecttosuchCompanyPRSUAwardimmediatelypriortotheEffectiveTimeshallequal110%oftheTotalSharesGrantedassuchtermisusedintheapplicableCompanyPRSUAward(the“TotalSharesGranted”),(B)withrespecttoeachCompanyPRSUAwardgrantedfortheperformanceperiodcommencingwiththeCompany’sfiscalyear2019,thenumberofsharesofTechDatacommonstocksubjecttosuchCompanyPRSUAwardimmediatelypriortotheEffectiveTimeshallequal130%oftheTotalSharesGranted,and(C)withrespecttoeachCompanyPRSUAwardgrantedfortheperformanceperiodcommencingwiththeCompany’sfiscalyear2018,thenumberofsharesofTechDatacommonstocksubjecttosuchCompanyPRSUAwardimmediatelypriortotheEffectiveTimeshallequal110%oftheTotalSharesGranted.

    Recommendation of the Board (see page [●])

    TheBoardhasreviewedandconsideredthetermsandconditionsoftheMergerAgreementandtheMerger.Afterconsultingwithitsoutsidelegalcounselandfinancialadvisorandafterconsiderationofvariousfactors,the

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    Boardunanimously(i)adoptedtheMergerAgreementandapprovedtheexecution,deliveryandperformancebyTechDataoftheMergerAgreementandtheconsummationofthetransactionscontemplatedthereby,(ii)determinedthattheMergerAgreementandthetransactionscontemplatedtherebywerefairtoandinthebestinterestsofTechDataanditsshareholders,(iii)approvedanddeclaredadvisabletheMergerAgreementandtheconsummationoftheMergerand(iv)determinedtosubmittheMergerAgreementforapprovalandadoptionbyTechData’sshareholdersandrecommendedthattheTechData’sshareholdersapproveandadopttheMergerAgreement.CertainfactorsconsideredbytheBoardinreachingitsdecisiontoadopttheMergerAgreementandtorecommendthatshareholdersapprovetheMergerProposalcanbefoundin“TheMergerProposal(Proposal1)—RecommendationoftheBoardandReasonsfortheMerger”beginningonpage[●].

    The Board unanimously recommends that Tech Data shareholders vote:

    • “FOR”theMergerProposal;

    • “FOR”thenamedexecutiveofficerMerger-relatedcompensationproposal;and

    • “FOR”theAdjournmentProposal.

    Opinion of Tech Data’s Financial Advisor (see page [●])

    InconnectionwiththeMerger,BofASecurities,Inc.(referredto,togetherwithitspredecessor,MerrillLynch,Pierce,Fenner&SmithIncorporated,as“BofASecurities”),TechData’sfinancialadvisor,deliveredtotheBoardawrittenopinion,datedNovember27,2019,astothefairness,fromafinancialpointofviewandasofthedateoftheopinion,totheholdersofTechDatacommonstock(otherthan,totheextentapplicable,TechData,ParentandtheirrespectivewhollyownedSubsidiaries)oftheMergerConsiderationtobereceivedbysuchholdersintheMerger.Thefulltextofthewrittenopinion,datedNovember27,2019,ofBofASecurities,whichdescribes,amongotherthings,theassumptionsmade,proceduresfollowed,factorsconsideredandlimitationsonthereviewundertaken,isattachedasAnnexBtothisproxystatementandisincorporatedbyreferencehereininitsentirety.BofA Securitiesprovided its opinion for the benefit and use of Tech Data’s board of directors (in its capacity as such) in connection with and for purposes of itsevaluation of the Merger. BofA Securities’ opinion does not address any other aspect of the Merger and no opinion or view was expressed as to therelative merits of the Merger in comparison to other strategies or transactions that might be available to Tech Data or in which Tech Data mightengage or as to the underlying business decision of Tech Data to proceed with or effect the Merger. BofA Securities’ opinion does not address anyother aspect of the Merger and does not constitute an opinion or recommendation as to how any shareholder should vote or act in connection withthe Merger or any other matter.

    Interests of Tech Data’s Executive Officers and Directors in the Merger (see page [●])

    InconsideringtherecommendationoftheBoard,TechDatashareholdersshouldbeawarethatcertaindirectorsandexecutiveofficersofTechDatawillhaveinterestsintheMergerthataredifferentfrom,orinadditionto,theinterestsofTechDatashareholdersgenerallyandwhichmaycreatepotentialconflictsofinterest.TheBoardwasawareoftheseinterestsandconsideredthemwhenitadoptedtheMergerAgreementandapprovedtheMerger.AllemploymentandcompensationarrangementsapplicabletodirectorsorseniorexecutivesoftheCompanyundertheMergerAgreement,orinconnectionwiththeMerger,wereunanimouslyapproved,onbehalfoftheCompany,byvoteofamajorityofthequalifieddirectorswithinthemeaningof,andinthesamemannerasprovidedinandconsistentwithSection607.0832oftheFBCA.Theseinterestsinclude:

    • TechData’sexecutiveofficersareentitledtoprotectionsandbenefitsunderTechData’schangeincontrolpolicyintheeventofcertainterminationsofemploymentinconnectionwiththecompletionoftheMerger;

    • thetreatmentoftheequityawardsheldbyTechData’sdirectorsandexecutiveofficersasoftheEffectiveTime;

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    • TechData’sdirectorsandexecutiveofficersareentitledtothepayoutofalloftheiraccountbalancesandbenefitsundercertainnon-qualifiedbenefitplansmaintainedbyTechData;

    • TechData’sdirectorsandexecutiveofficersareentitledtoindemnificationandinsurancearrangementspursuanttotheMergerAgreementandTechData’sorganizationaldocuments;and

    • TechData’sexecutiveofficersasoftheEffectiveTimewillbecometheinitialexecutiveofficersofthesurvivingcorporation.

    Theseinterestsarediscussedinmoredetailinthesectionentitled“TheMergerProposal(Proposal1)—InterestsofTechData’sExecutiveOfficersandDirectorsintheMerger”beginningonpage[●].

    Financing of the Merger (see page [●])

    Parenthasobtainedequityfinancinganddebtfinancingcommitments(ineachcase,pursuanttotherespectiveCommitmentLetters(asdefinedbelow))forthepurposeoffinancingthetransactionscontemplatedbytheMergerAgreement,repayingorrefinancingcertainexistingindebtednessoftheCompanyanditssubsidiaries,andpayingrelatedfeesandexpenses.

    Pursuanttoanequitycommitmentletter,datedasofNovember12,2019,asamendedonNovember27,2019(the“EquityCommitmentLetter”),eachofApolloInvestmentFundIX,L.P.,ApolloOverseasPartners(Delaware)IX,L.P.,ApolloOverseasPartners(Delaware892)IX,L.P.,ApolloOverseasPartnersIX,L.P.andApolloOverseasPartners(Lux)IX,SCSp(the“Sponsors”)havecommitted,severallybutnotjointly,tocapitalizeParentatclosingwithanaggregateequitycontributioninanamountof$3,750,000,000,onthetermsandsubjecttotheconditionssetforthintheEquityCommitmentLetter.

    Pursuanttoadebtcommitmentletter,datedasofNovember12,2019(the“OriginalDebtCommitmentLetter”)andanadditionalinitiallenderagreement,datedasofDecember6,2019(the“AdditionalInitialLenderAgreement,”togetherwiththeOriginalDebtCommitmentLetter,the“DebtCommitmentLetter,”and,togetherwiththeEquityCommitmentLetter,the“CommitmentLetters”)aconsortiumoffinancialinstitutions(ineachcase,actingdirectlyorthroughtheirrespectiveaffiliatesorbranches,asappropriate,collectively,the“DebtCommitmentParties”)havecommittedtoprovidetoMergerSub,severallybutnotjointly,uponthetermsandsubjecttotheconditionssetforthintheDebtCommitmentLetter,debtfinancingintheaggregateamountofupto$5,000,000,000.TheconsummationoftheMergerisnotsubjecttoanyfinancingcondition.

    Limited Guarantee (see page ([●])

    ConcurrentlywiththeexecutionoftheOriginalAgreement,theSponsorsenteredintoalimitedguarantee,asamendedonNovember27,2019(the“LimitedGuarantee”)withtheCompany,pursuanttowhichtheSponsorshaveguaranteedthepaymentoftheterminationfeepayablebyParentundercertaincircumstances,aswellasinterestandexpensesandcertainreimbursementobligationsthatmaybeowedbyParentpursuanttotheMergerAgreement,subjecttothetermsandconditionssetforthintheLimitedGuaranteeandtheMergerAgreement,inanamountnottoexceed$319,444,000intheaggregate.

    Antitrust Review Required for the Merger and Other Regulatory Filings (see page [●])

    UndertheHart-Scott-RodinoAntitrustImprovementsActof1976,asamended(the“HSRAct”),wecannotcompletetheMergeruntilwehavegivennotificationandfurnishedinformationtotheFederalTradeCommission(“FTC”)andtheAntitrustDivisionoftheDepartmentofJustice(“DOJ”),anduntiltheapplicablewaitingperiodhasexpired.OnNovember26,2019,TechDataandParenteachfiledapremergernotificationandreportformundertheHSRAct,asaresultofwhichtheapplicablewaitingperiodundertheHSRActisscheduledtoexpireonDecember26,2019at11:59p.m.EasternTime,unlessextendediftheDOJorFTCrequestsadditionalinformationanddocumentarymaterial.

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    TheobligationofthepartiestotheMergerAgreementtoconsummatetheMergerisalsosubjectto(x)theTreasureroftheCommonwealthofAustralia(i)providingwrittennoticethattherearenoobjectionsundertheForeignAcquisitionsandTakeoversAct1975(Cth)andForeignAcquisitionsandTakeoverRegulations2015(the“FATA”)totheacquisitioncontemplatedbytheMergerAgreement,eitheronanunconditionalbasisorsubjectonlytoconditionsacceptabletoParent,actingreasonably;or(ii)notbeingempoweredorbecomingprecludedbypassageoftimefrommakinganyorderordecisionundertheFATAinrespectoftheacquisitioncontemplatedbytheMergerAgreement;whicheveroccursfirst(the“FIRBApproval”),and(y)theexpirationorterminationofanyapplicablewaitingperiodunderthecompetitionlawsoftheEuropeanUnion,Canada,Mexico,Switzerland,Turkey,IndiaandChile,andobtainmentofanyrequiredconsentspursuantthereto(the“CompetitionLaws”).

    Whilewehavenoreasontobelieveitwillnotbepossibletocompletetheantitrustrevieworobtaintheforeignregulatoryapprovalsinatimelymanner,thereisnocertaintythatthesewillbecompletedwithintheperiodsoftimecurrentlycontemplatedorthataregulatorychallengetotheMergerwillnotbemade.

    Material U.S. Federal Income Tax Consequences of the Merger (see page [●])

    Ingeneral,theexchangeofTechDatacommonstockforcashintheMergerwillbeataxabletransactiontoU.S.holders(asdefinedinthesectionentitled“MaterialU.S.FederalIncomeTaxConsequencesoftheMerger”beginningonpage[●])forU.S.federalincometaxpurposesandmayalsobetaxableunderstateandlocalandothertaxlaws.Youshouldreadthesectionentitled“MaterialU.S.FederalIncomeTaxConsequencesoftheMerger”beginningonpage[●].ThetaxconsequencesoftheMergertoyouwilldependonyourparticularcircumstances.YoushouldconsultyourtaxadvisorsregardingtheU.S.federalincometaxconsequencesoftheMergertoyouinyourparticularcircumstances,aswellasthetaxconsequencesarisingunderotherU.S.federaltaxlawsandthelawsofanystate,localorforeigntaxingjurisdiction.

    Appraisal Rights

    UnderSection607.1302oftheFBCA,solongasTechDatacommonstockcontinuestobelistedontheNASDAQ,appraisalrightswillNOTbeavailabletoTechData’sshareholdersinconnectionwiththeMerger.

    Expected Timing of the Merger

    WeexpecttocompletetheMergernolaterthanduringthefirsthalfof2020.However,theMergerissubjecttoantitrustreviews,U.S.andforeignregulatoryapprovalsandvariousotherconditions,anditispossiblethatfactorsoutsideofthecontrolofTechData,ParentorMergerSubcouldresultintheMergerbeingcompletedatalatertime,ornotatall.TheremaybeasubstantialamountoftimebetweentheSpecialMeetingandthecompletionoftheMerger.WeexpecttocompletetheMergerpromptlyfollowingthereceiptofallrequiredclearancesandapprovalsandthesatisfactionor,totheextentpermitted,waiveroftheotherconditionstotheconsummationoftheMerger.

    No-Shop Period; Restrictions on Solicitation of Acquisition Proposals (see page [●])

    PursuanttotheMergerAgreement,until11:59p.m.EasternTimeonDecember9,2019(the“No-ShopPeriodStartDate”),TechDataanditssubsidiariesandtheirrespectivedirectors,officersandotherrepresentativeswerepermittedto(i)solicit,initiate,proposeorinducethemaking,submissionorannouncementof,orencourage,facilitateorassist,anyproposalorofferthatwouldconstitute,orwouldreasonablybeexpectedtoleadto,aCompanyTakeoverProposal,(ii)provideinformation(includingnon-publicinformationanddata)relatingtotheCompanyanditssubsidiariesandaffordaccesstothebusiness,properties,assets,books,recordsorothernon-publicinformation,oranypersonneloftheCompanyanditssubsidiariespursuanttoanacceptableconfidentialityagreement,(iii)engagein,enterinto,continueorotherwiseparticipatein,anydiscussionsornegotiationswithanypersonregardinganyCompanyTakeoverProposal(orinquiries,proposalsoroffersor

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    othereffortsthatwouldreasonablybeexpectedtoleadtoaCompanyTakeoverProposal)and(iv)cooperatewith,assist,participateinorfacilitateanysuchinquiries,proposals,offers,discussionsornegotiationsoranyeffortorattempttomakeanyCompanyTakeoverProposal.

    Atthistime,TechDatamaynot,andmustcauseeachofitssubsidiariesanditsandtheirrespectiveofficersanddirectorsandmustinstructitsanditssubsidiaries’otherrepresentativesnotto,directlyorindirectly,(i)solicit,initiateorknowinglyencourageorfacilitateanyproposalorofferorinquiriesregardingthemakingofanyproposalorofferthatconstitutesorwouldreasonablybeexpectedtoleadtoaCompanyTakeoverProposalor(ii)engagein,continueorotherwiseparticipateinanydiscussionsornegotiationsregarding,orfurnishanyinformationinconnectionwithorforthepurposeofencouragingorfacilitating,anyinquiry,proposalorofferthatconstitutes,orwouldreasonablybeexpectedtoleadto,aCompanyTakeoverProposal(otherthaninresponsetoanunsolicitedinquirythatdidnotarisefromabreachoftheCompany’snon-solicitationobligations(otherthanabreachthatisbothimmaterialandunintentional),solelytoascertainfactsfromthepersonmakingsuchCompanyTakeoverProposalrequiredbyitsfiduciarydutiesunderapplicablelawaboutsuchCompanyTakeoverProposalandthepersonthatmadeit).

    PriortothetimetheCompanyShareholderApprovalisobtained,iftheCompanyreceivesabonafidewrittenCompanyTakeoverProposalfromathirdpartythatdidnotresultfromabreachoftheCompany’snon-solicitationobligations(otherthanabreachthatisbothimmaterialandunintentional)andthattheBoarddeterminesingoodfaith,initsreasonablediscretionafterconsultationwithitsindependentfinancialadvisorsand/oroutsidelegalcounsel,(i)thatsuchCompanyTakeoverProposalconstitutesorwouldreasonablybeexpectedtoleadtoaCompanySuperiorProposaland(ii)thatfailuretotakeactionunderclauses(x)and(y)belowwouldbeinconsistentwithitsfiduciarydutiesunderapplicablelaw,thentheCompanyanditsrepresentativesmay(x)furnishinformation(includingnon-publicinformation)tosuchpersonsandtheirrepresentativespursuanttoanacceptableconfidentialityagreementand(y)engageinorotherwiseparticipateindiscussionsornegotiationswithsuchpersonanditsrepresentatives,ineachcase,subjecttotherequirementthattheCompanymustgiveParentwrittennoticeofsuchdeterminationpromptly(andinanyeventwithin24hours)aftertheBoardmakessuchdetermination;andmakeavailabletoParentandMergerSubanymaterialnon-publicinformationordataconcerningtheCompanyoritssubsidiariesthatisprovidedtoanysuchpersonwhichwasnotpreviouslymadeavailabletoParentorMergerSubpriortoorsubstantiallyconcurrentlywiththetimeitisprovidedtosuchperson.

    Conditions to the Closing of the Merger (see page [●])

    Eachparty’sobligationtocompletetheMergerissubjecttothesatisfactionorwaiveratorpriortotheEffectiveTimeofthefollowingconditions:

    • nolaw,orderorinjunctionhavingbeenenacted,issuedorpromulgatedbyagovernmentalauthorityofcompetentjurisdictionthatisineffectandthatrestrains,enjoinsorprohibitstheconsummationoftheMerger;

    • theapprovaloftheMergerProposalbytheaffirmativevoteofatleastamajorityofallvotesentitledtobecastbytheholdersofTechData

    commonstockoutstandingontherecorddateontheMergerProposalinaccordancewiththeapplicableprovisionsoftheFBCA(the“CompanyShareholderApproval”);

    • theexpirationorterminationoftheapplicablewaitingperiodundertheHSRAct,andthoseoftheantitrustlawsofotherspecifiedjurisdictions,eachasfurtherdescribedinthesectionsentitled“TheMergerProposal(Proposal1)—AntitrustReviewRequiredfortheMergerandOtherRegulatoryFilings”and“TheMergerAgreement—ConditionstotheClosingoftheMerger”beginningonpages[●]and[●],respectively,andallrequiredconsentspursuanttheretoshallhavebeenobtained;and

    • theFIRBApproval,asfurtherdescribedinthesectionentitled“TheMergerAgreement—ConditionstotheClosingoftheMerger”.

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    TheobligationsofParentandMergerSubtocompletetheMergeraresubjecttothesatisfactionorwaiverofthefollowingadditionalconditions:

    • theaccuracyoftherepresentationsandwarrantiesoftheCompanyasofthedateoftheOriginalAgreementandtheclosingdate(excepttotheextentsuchrepresentationandwarrantyspeaksasofanyearlierdate,inwhichcasesuchrepresentationandwarrantyshallbetrueandcorrectasofsuchearlierdate),subjecttocertainmaterialitystandardsdescribedunder“TheMergerAgreement—ConditionstotheClosingoftheMerger”beginningonpage[●];

    • theperformancebytheCompanyinallmaterialrespectsofthecovenants,obligationsandagreementsrequiredtobeperformedorcompliedwithundertheMergerAgreementatorpriortotheclosing;provided,thattheCompany’sobligationsinrespectofcertaincovenantsregardingfinancingcooperationshallbedeemedsatisfiedunlessthedebtfinancinghasnotbeenobtainedprimarilyasaresultoftheCompany’swillfulbreachofsuchobligations;and

    • noCompanyMaterialAdverseEffecthavingoccurredafterthedateoftheOriginalAgreement.

    TheobligationsofTechDatatocompletetheMergeraresubjecttothesatisfactionorwaiverofthefollowingadditionalconditions:

    • theaccuracyoftherepresentationsandwarrantiesofParentandMergerSubasofdateoftheOriginalAgreementandtheclosingdate(excepttotheextentsuchrepresentationandwarrantyspeaksasofanyearlierdate,inwhichcasesuchrepresentationandwarrantyshallbetrueandcorrectasofsuchearlierdate),subjecttocertainmaterialitystandardsdescribedunder“TheMergerAgreement—ConditionstotheClosingoftheMerger”beginningonpage[●];and

    • theperformancebyeachofParentandMergerSubinallmaterialrespectsofthecovenants,obligationsandagreementsrequiredtobeperformedorcompliedwithundertheMergerAgreementatorpriortotheclosing.

    Additionally,iftheMarketingPeriod(describedbelowunder“TheMergerAgreement—FinancingandFinancingCooperation”)hasnotendedwhenalloftheconditionstoclosingaresatisfied,thentheclosingwilloccurontheearliertooccurof(i)abusinessdayduringtheMarketingPerioddeterminedbyParentwithnolessthanthreebusinessdays’priorwrittennoticetotheCompanyor(ii)thethirdbusinessdayfollowingthefinaldayoftheMarketingPeriod(subject,ineachcase,tothesatisfactionorwaiverofallconditionssetforthintheMergerAgreement).

    Change in the Tech Data Board Recommendation

    TheBoardhasunanimouslyrecommendedthatTechDatashareholdersvote“FOR”theMergerProposal.Generally,theBoardmustnoteffectaChangeofRecommendation.

    However,theMergerAgreementpermitstheBoardtoeffectaChangeofRecommendationand/or,inresponsetoaCompanySuperiorProposal,terminatetheMergerAgreementinordertoenterintoanacquisitionagreementprovidingforsuchCompanySuperiorProposal,iftheCompanyhasreceivedaCompanySuperiorProposalthatdidnotresultfromabreachoftheCompany’snon-solicitationobligations,subjecttotherequirementsthat:

    • theCompanyprovidespriorwrittennoticetoParent,atleastthreebusinessdaysinadvance,thatitintendstoeffectaChangeofRecommendationand/orterminatetheMergerAgreementtoenterintoaCompanySuperiorProposal,whichnoticespecifiestheidentityofthepersonmakingsuchCompanySuperiorProposalandthematerialtermsthereofandincludesacopyoftheproposedCompanySuperiorProposal,theproposedacquisitionagreementwithrespecttheretoandallrelateddocumentation;

    • duringthethreebusinessdayperiodfollowingthedateonwhichnoticewasreceived(oraonebusinessdayperiod,intheeventofanychangetothefinancialtermsorothermaterialtermsofsuchCompany

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    SuperiorProposal),theCompanyanditsrepresentativesnegotiatewithParentingoodfaith(totheextentParentdesirestonegotiate)tomakesuchadjustmentstothetermsandconditionsoftheMergerAgreementasParentmaypropose;and

    • upontheconclusionoftheapplicablenegotiationperiod,theBoardconsideringoodfaithanyrevisionstothetermsoftheMergerAgreement

    proposedinwritingbyParentanddetermines,afterconsultationwiththeCompany’sindependentfinancialadvisorsandoutsidelegalcounsel,thattheCompanyTakeoverProposalcontinuestoconstituteaCompanySuperiorProposal.

    Inaddition,theBoardmayalsoeffectaChangeofRecommendationinresponsetoanInterveningEventiftheBoarddeterminesingoodfaithinitsreasonablediscretion,afterconsultationwithitsindependentfinancialadvisorandoutsidelegalcounsel,thatthefailuretoeffectaChangeofRecommendationwouldbeinconsistentwithitsfiduciarydutiesunderapplicablelaw,subjecttoathree-businessdaynegotiationperiodwithParent.

    Termination of the Merger Agreement and Termination Fees (see page [●])

    TheMergerAgreementmaybeterminatedbyeitherpartyandtheMergermaybeabandonedincertaincircumstances,includingif(i)theMergerisnotcompletedbyAugust12,2020(the“TerminationDate”),subjecttocertainlimitations,(ii)TechData’sshareholdersfailtoapprovetheMergerProposal,(iii)agovernmentalauthorityofcompetentjurisdictionhasissuedafinalnon-appealablegovernmentalorderprohibitingtheMergeror(iv)theotherpartybreachesitsrepresentations,warrantiesorcovenantsintheMergerAgreementwhichgivesrisetothefailureofaconditiontotheconsummationoftheMerger,subjectincertaincases,totherightofthebreachingpartytocurethebreach.ParentandtheCompanymayalsoterminatetheMergerAgreementbymutualwrittenconsent.

    TheCompanyisalsoentitledtoterminatetheMergerAgreement,andreceiveaterminationfeeofapproximately$315.9millionfromParentif(i)MergerSubfailstoconsummatetheMergerfollowingthecompletionoftheMarketingPeriodandsatisfactionorwaiverofcertainclosingconditionsor(ii)ifParentorMergerSubotherwisebreachesitsobligationsundertheMergerAgreementwhichbreachorfailureistheprimaryreasonforthefailureoftheMergertobeconsummated.

    IftheMergerAgreementisterminatedbecause(i)beforereceiptoftheCompanyShareholderApproval,theBoardmakesaChangeofRecommendationortheCompanywillfullyandmateriallybreachesitsnon-solicitationobligations,(ii)theCompanyacceptsaCompanySuperiorProposal,or(iii)(x)theMergerhasnotclosedbytheTerminationDate,TechData’sshareholdersfailtoadopttheMergerProposalortheCompanybreachedorfailedtoperformanyofitsrepresentations,warranties,covenantsorotheragreementswhichgivesrisetothefailureofaconditiontotheconsummationoftheMerger(subjecttoacertaincureperiods),(y)anypersonpubliclyannouncedabonafideCompanyTakeoverProposalafterthedateoftheOriginalAgreementanditisnotwithdrawnbeforetheapprovalofthetransactionand(z)theCompanyentersintoadefinitiveagreementwithrespecttoanycompetingtransaction,orcompletesacompetingtransaction,within12monthsoftermination,theterminationfeepayablebytheCompanytoParentwillbe$184.3million;providedthatalowerfeeofapproximately$89.5millionwillapplywithrespecttoaterminationtoenterintoanacquisitionagreementprovidingforaCompanySuperiorProposalbeforetheNo-ShopPeriodStartDate.

    Directors’ and Officers’ Indemnification and Insurance (see page [●])

    ForaperiodofsixyearsaftertheEffectiveTime,Parentandthesurvivingcorporationmust,tothefullextentpermittedunderapplicablelaw,(i)indemnifyandholdharmlesseachpresentandformer(orfuture,butpriortotheEffectiveTime),directororofficerofTechDataoranyofitssubsidiariesandanypersonwhoservedasadirector,officermember,trusteeorfiduciaryofanothercorporation,partnershipjointventure,trust,pensionorotheremployeebenefitplanorenterpriseattherequestoforforthebenefitofTechDataoritssubsidiaries(collectively,the“CoveredPersons”)inconnectionwithanyD&OClaim(asdefinedintheMergerAgreement),

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    againstanylosses,claims,damages,liabilities,claimexpenses,judgments,fines,penaltiesandamountspaidinsettlementrelatingtoorresultingfromsuchD&OClaimand(ii)promptlyadvanceclaimexpensesasincurredbytheCoveredPersonsinconnectionwithanyD&OClaim,providedthatanyCoveredPersontowhomexpensesareadvancedprovidesanundertakingtorepaytheadvanceifitisultimatelydeterminedbyacourtofcompetentjurisdictionthatsuchCoveredPersonisnotentitledtoindemnification.

    Inaddition,priortotheEffectiveTime,TechDatamayobtainandprepaythepremiumforasixyear“tail”insurancepolicyforD&OClaimsarisingfromfacts,acts,eventsoromissionsthatoccurredonorpriortotheEffectiveTime.IftheCompanyfailstoobtainsuchtailpolicypriortotheEffectiveTime,Parentorthesurvivingcorporationmustobtainsuchatailpolicy.AnysuchtailpolicymusthaveatleastthesamecoverageandamountsandcontaintermsandconditionsthatarenolessfavorabletothecoveredindividualsastheCompany’sanditssubsidiaries’existingdirectors’andofficers’insurancepolicywithaclaimsperiodofsixyearsfromtheEffectiveTime.Notwithstandingtheforegoing,innoeventwillTechDataanditssubsidiaries(orParent,asapplicable)berequiredtoexpendapremiuminexcessof250%oftheaggregateannualamountcurrentlypaidbytheCompanyanditssubsidiariesforsuchinsuranceand,iftheannualpremiumofsuchinsurancecoverageexceedssuchmaximumamount,TechData,Parentorthesurvivingcorporationwillobtainapolicywiththegreatestcoverageavailableforthemaximumamount.

    Delisting and Deregistration of Tech Data Common Stock (see page [●])

    AspromptlyaspracticablefollowingtheeffectivenessoftheMerger,TechDatacommonstockwillbedelistedfromtheNASDAQandderegisteredundertheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”).

    Market Prices of Tech Data Common Stock (see page [●])

    OnOctober15,2019,thelasttradingdaypriortopublishedmarketspeculationregardingapotentialtransactioninvolvingTechData,theclosingpricepershareofTechDatacommonstockontheNASDAQwas$111.34.TheclosingsalespriceofTechDatacommonstockontheNASDAQon[●],themostrecentpracticabledatepriortothedateofthisproxystatement,was$[●]pershare.YouareencouragedtoobtaincurrentmarketpricesofTechDatacommonstockinconnectionwithvotingyoursharesofTechDatacommonstock.

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    QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER

    ThefollowingarebriefanswerstocertainquestionsthatyoumayhaveregardingtheMerger,theMergerAgreement,theSpecialMeetingandtheproposalsbeingconsideredattheSpecialMeeting.WeurgeyoutocarefullyreadtheremainderofthisproxystatementbecausetheinformationinthissectiondoesnotprovidealloftheinformationthatmightbeimportanttoyouwithrespecttotheMergerandtheSpecialMeeting.Additionalimportantinformationisalsocontainedintheannexesattachedtothisproxystatementandthedocumentsreferredtoorincorporatedbyreferenceintothisproxystatement.

    Q. Why am I receiving these proxy materials?

    A. OnNovember12,2019,TechDataenteredintoaMergerAgreement,whichwasamendedonNovember27,2019,pursuanttowhichMergerSubwillmergewithandintoTechData,withTechDatacontinuingasthesurvivingcorporationintheMerger.AcopyoftheMergerAgreementisattachedtothisproxystatementasAnnex Aandisincorporatedbyreferenceherein.InordertocompletetheMerger,TechDatashareholdersmustvotetoapprovetheMergerProposalinaccordancewiththeapplicableprovisionsoftheFBCA.TheapprovaloftheMergerProposalbyourshareholdersisaconditiontotheconsummationoftheMerger.YouarereceivingthisproxystatementinconnectionwiththesolicitationbytheBoardofproxiesofTechDatashareholderstovotetheirsharesinfavoroftheMergerProposal.

    Youarealsobeingaskedtovoteonaproposaltoapproveonanon-binding,advisorybasis,certaincompensationthatwillormaybepaidbyTechDatatoitsnamedexecutiveofficersthatisbasedonorotherwiserelatestotheMergerandonaproposaltoapprovetheadjournmentoftheSpecialMeeting,fromtimetotime,ifnecessaryorappropriate,includingtosolicitadditionalproxiesifthereareinsufficientvotesatthetimeoftheSpecialMeetingtoapprovetheproposaltoapprovetheMergerProposalorintheabsenceofaquorum.

    Thisproxystatement,whichyoushouldreadcarefully,containsimportantinformationabouttheMerger,theMergerAgreementandtheSpecialMeetingofourshareholdersandthematterstobevotedonthereat.TheenclosedmaterialsallowyoutosubmitaproxytovoteyourshareswithoutattendingtheSpecialMeetingandtoensurethatyoursharesarerepresentedandvotedattheSpecialMeeting.

    Yourvoteisveryimportant.EvenifyouplantoattendtheSpecialMeeting,weencourageyoutosubmitaproxyassoonaspossible.

    Q. What is the proposed transaction?

    A. IftheMergerProposalisapprovedbyTechDatashareholdersinaccordancewiththeapplicableprovisionsoftheFBCAandtheotherconditionstotheconsummationoftheMergercontainedintheMergerAgreementaresatisfiedorwaived,MergerSubwillmergewithandintoTechData,withTechDatacontinuingasthesurvivingcorporationintheMergerandadirectwhollyownedsubsidiaryofParent.Asnotedelsewhereherein,ParentandMergerSubareaffiliatesofcertainfundsmanagedbyaffiliatesofApolloGlobalManagement,Inc.

    Q. What will I receive in the Merger if it is completed?

    A. UnderthetermsoftheMergerAgreement,iftheMergeriscompleted,youwillbeentitledtoreceive$145.00incash,withoutinterestandsubjecttoanyapplicablewithholdingtaxes,foreachshareofTechDatacommonstockyouown,whichrepresentsapremiumof30.2%totheCompany’sclosingsharepriceonOctober15,2019,whichwasthelasttradingdaypriortopublishedmarketspeculationregardingapotentialtransactioninvolvingtheCompany.Forexample,ifyouown100sharesofTechDatacommonstock,youwillbeentitledtoreceive$14,500incashinexchangeforyourshares,withoutinterestandsubjecttoanyapplicablewithholdingtaxes.YouwillnotbeentitledtoreceivesharesinthesurvivingcorporationorinParent.

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    Q. Where and when is the Special Meeting, and who may attend?

    A. TheSpecialMeetingwillbeheldattheRaymundCenter,5350TechDataDrive,Clearwater,Florida33760,on[●],2020at[●],EasternTime.Themeetingroomwillopenat[●]EasternTimeandregistrationwillbeginatthattime.ShareholdersofrecordasoftherecorddateoftheSpecialMeetingmayattendthemeeting.AllshareholdersandproxyholderswillneedproofofidentificationalongwiththeirproxycardorproofofstockownershiptoentertheSpecialMeeting.Beneficialownersofsharesheldin“streetname”whowishtoattendthemeetingmustpresentproofofownershipofTechDatacommonstockasoftherecorddate,suchasabankorbrokerageaccountstatement,andwillonlybeabletovoteattheSpecialMeetingiftheyhavealegalproxy,executedintheirfavor,fromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingthemtherighttovotethesharesattheSpecialMeeting.

    Q. Who can vote at the Special Meeting?

    A. AllTechDatashareholdersofrecordasofthecloseofbusinesson[●],therecorddatefortheSpecialMeeting,areentitledtoreceivenoticeof,attendandvoteattheSpecialMeeting,oranyadjournmentorpostponementthereof.EachshareofTechDatacommonstockisentitledtoonevoteonallmattersthatcomebeforetheSpecialMeeting.Ontherecorddate,therewere[●]sharesofTechDatacommonstockissuedandoutstanding,heldbyapproximately[●]holdersofrecord.

    Q. What matters will be voted on at the Special Meeting?

    A. AttheSpecialMeeting,youwillbeaskedtoconsiderandvoteonthefollowingproposals:

    • theMergerProposal;

    • thenamedexecutiveofficerMerger-relatedcompensationproposal;and

    • theAdjournmentProposal.

    ShareholdersmayalsobeaskedtotransactsuchotherbusinessasmayproperlybebroughtbeforetheSpecialMeetingoranyadjournmentsorpostponementsoftheSpecialMeeting,byoratthedirectionoftheBoard.

    Q. What is the position of the Board regarding the Merger?

    A. Afterconsultingwithitsoutsidelegalcounselandfinancialadvisorandafterconsiderationofvariousfactors,theBoardhasunanimously(i)adoptedtheMergerAgreementandapprovedtheexecution,deliveryandperformancebyTechDataoftheMergerAgreementandtheconsummationofthetransactionscontemplatedthereby,(ii)determinedthattheMergerAgreementandthetransactionscontemplatedtherebywerefairtoandinthebestinterestsofTechDataanditsshareholders,(iii)approvedanddeclaredadvisabletheMergerAgreementandtheconsummationoftheMergerand(iv)determinedtosubmittheMergerAgreementforapprovalandadoptionbyTechData’sshareholdersandrecommendedthattheTechData’sshareholdersapproveandadopttheMergerAgreement

    Q. How does the Board recommend that I vote on the proposals to be considered at the Special Meeting?

    A. TheBoardunanimouslyrecommendsthatyouvote:

    • “FOR”theMergerProposal;

    • “FOR”thenamedexecutiveofficerMerger-relatedcompensationproposal;and

    • “FOR”theAdjournmentProposal.

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    Q. What vote is required to approve the Merger Proposal?

    A. TheMergerProposalwillbeapprovedifshareholdersholdingatleastamajorityofallvotesentitledtobecastbythesharesofTechDatacommonstockoutstandingontherecorddatevote“FOR”theproposal.

    Q. What vote is required to approve the named executive officer Merger-related compensation proposal and the Adjournment Proposal?

    A. EachofthenamedexecutiveofficerMerger-relatedcompensationproposalandtheAdjournmentProposalwillbeapprovedifatleastamajorityofthevotesthatarecastattheSpecialMeetingare“FOR”eachsuchproposal.

    Q. Is the Merger expected to be taxable to holders of Tech Data common stock?

    A. Ingeneral,theexchangeofTechDatacommonstockforcashintheMergerwillbeataxabletransactiontoU.S.holders(asdefinedinthesectionentitled“MaterialU.S.FederalIncomeTaxConsequencesoftheMerger”beginningonpage[●])forU.S.federalincometaxpurposesandmayalsobetaxableunderstateandlocalandothertaxlaws.Youshouldreadthesectionentitled“MaterialU.S.FederalIncomeTaxConsequencesoftheMerger”beginningonpage[●].ThetaxconsequencesoftheMergertoyouwilldependonyourparticularcircumstances.YoushouldconsultyourtaxadvisorsregardingtheU.S.federalincometaxconsequencesoftheMergertoyouinyourparticularcircumstances,aswellasthetaxconsequencesarisingunderotherU.S.federaltaxlawsandthelawsofanystate,localorforeigntaxingjurisdiction.

    Q. What other effects will the Merger have on Tech Data?

    A. IftheMergeriscompleted,TechDatacommonstockwillbedelistedfromtheNASDAQandderegisteredundertheExchangeAct,andTechDatawillnolongerberequiredtofileperiodicreportswiththeSECwithrespecttoTechDatacommonstock,ineachcaseinaccordancewithapplicablelaw,rulesandregulations.FollowingthecompletionoftheMerger,TechDatacommonstockwillnolongerbepubliclytradedandyouwillnolongerhaveanyinterestinTechData’sfutureearningsorgrowth.Inaddition,fromandafterthedatetheMergeriscompleted,eachshareofTechDatacommonstock(otherthancanceledshares)youholdwillrepresentonlytherighttoreceive$145.00incash,withoutinterestandsubjecttoanyapplicablewithholdingtaxes.

    Q. When is the Merger expected to be completed?

    A. Assumingtimelysatisfactionofnecessaryclosingconditions,includingtheapprovalbyourshareholdersoftheMergerProposal,thepartiestotheMergerAgreementexpecttocompletetheMergernolaterthanduringthefirsthalfof2020.However,TechDatacannotassurecompletionbyanyparticulardate,ifatall.BecausetheMergerissubjecttoanumberofconditions,includingthereceiptofshareholderapprovaloftheMergerProposal,theexpirationofthewaitingperiodundertheHSRActandtheapprovalofcertainforeignregulatoryapprovalsorexpirationofthewaitingperiodunderapplicableforeignregulationsassetforthintheMergerAgreement,theexacttimingoftheMergercannotbedeterminedatthistimeandwecannotguaranteethattheMergerwillbecompleted.

    Q. What happens if the Merger is not completed?

    A. IftheMergerProposalisnotapprovedbytherequisitevoteofTechDatashareholders,oriftheMergerisnotcompletedforanyotherreason,theCompany’sshareholderswillnotreceiveanypaymentfortheirsharesofTechDatacommonstockinconnectionwiththeMerger.Instead,theCompanywillremainapubliccompany,andsharesofTechDatacommonstockwillcontinuetoberegisteredundertheExchange

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    Act,aswellaslistedandtradedontheNASDAQ.IntheeventthateitherTechDataorParentterminatestheMergerAgreement,then,incertainspecifiedcircumstances,TechDatamayberequiredtopayParentaterminationfeeofapproximately$184.3million(the“CompanyTerminationFee”),orParentmayberequiredtopayTechDataaterminationfeeofapproximately$315.9million(the“ParentTerminationFee”),asapplicable.Formoreinformationontheseterminationfees,seethesectionofthisproxystatemententitled“TheMergerAgreement—TerminationFeesandExpenses.”

    Q. How will our directors and executive officers vote on the Merger Proposal?

    A. EachofthedirectorsandexecutiveofficersofTechDatahaveinformedTechDatathat,asofthedateofthisproxystatement,theyintendtovoteinfavoroftheMergerProposal(althoughnoneofthemisobligatedtodoso).

    AsoftherecorddatefortheSpecialMeeting,thedirectorsandexecutiveofficersofTechDataowned,intheaggregate,[●]sharesofTechDatacommonstock,representing[●]%oftheissuedandoutstandingTechDatacommonstockentitledtovoteattheSpecialMeeting.

    Q. Do any of Tech Data’s directors or executive officers have interests in the Merger that may differ from or be in addition to my interests as a

    shareholder?

    A. Yes.InconsideringtherecommendationoftheBoardwithrespecttotheMergerProposal,youshouldbeawarethatourdirectorsandexecutiveofficershaveinterestsintheMergerthataredifferentfrom,orinadditionto,theinterestsofourshareholdersgenerally.TheBoardwasawareofandconsideredthesedifferinginterests,totheextentsuchinterestsexistedatthetime,amongothermatters,inevaluatingandnegotiatingtheMergerAgreementandtheMerger,indeterminingtoadopttheMergerAgreement,andinrecommendingthattheMergerProposalbeapprovedbyTechDatashareholders.AllemploymentandcompensationarrangementsapplicabletodirectorsorseniorexecutivesoftheCompanyundertheMergerAgreement,orinconnectionwiththeMerger,wereunanimouslyapproved,onbehalfoftheCompany,byvoteofamajorityofthequalifieddirectorswithinthemeaningof,andinthesamemannerasprovidedinandconsistentwithSection607.0832oftheFBCA.Seethesectionentitled“TheMergerProposal(Proposal1)—InterestsofTechData’sExecutiveOfficersandDirectorsintheMerger”beginningonpage[●]formoreinformation.

    Q. Why am I being asked to consider and vote on the named executive officer Merger-related compensation proposal?

    A. SECrulesrequireTechDatatoseekapprovalonanon-binding,advisorybasiswithrespecttocertainpaymentsandbenefitsthatwillormaybemadeorprovidedtoTechData’snamedexecutiveofficersinconnectionwiththeMerger.ApprovalofthenamedexecutiveofficerMerger-relatedcompensationproposal,however,isnotrequiredtocompletetheMerger.IftheMergerProposalisapprovedbytheTechData’sshareholdersandtheMergeriscompleted,theMerger-relatedcompensationwillbepaidtoTechData’snamedexecutiveofficersinaccordancewiththetermsoftheircompensationagreementsandarrangementsevenifshareholdersfailtoapprovethenamedexecutiveofficerMerger-relatedcompensationproposal.

    Q. Who is soliciting my vote? Who will pay for the cost of this proxy solicitation?

    A. TheBoardissolicitingyourproxy,andTechDatawillbearthecostofsolicitingproxies.MacKenziehasbeenretainedtoassistwiththesolicitationofproxies,andthefeesandexpensesofMacKenzie,plusitsreasonabledocumentedout-of-pocketexpenseswillbepaidbyTechData.Solicitationinitiallywillbemadebymail.TechDataandMacKenziealsowillrequestthatbanks,brokeragefirms,andothercustodians,nomineesandfiduciariessendproxymaterialstothebeneficialownersofsharesofTechDatacommonstockandwill,ifrequested,reimbursethemfortheirreasonableout-of-pocketexpensesindoingso.

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    Q. What do I need to do now? If I am going to attend the Special Meeting, should I still submit a proxy?

    A. Carefullyreadandconsidertheinformationcontainedinandincorporatedbyreferenceintothisproxystatement,includingtheattachedannexes.WhetherornotyouexpecttoattendtheSpecialMeetinginperson,pleasesubmitaproxytovoteyoursharesaspromptlyaspossiblesothatyoursharesmayberepresentedandvotedattheSpecialMeeting.

    Q. How do I vote if my shares are registered directly in my name?

    A. Ifyoursharesareregistereddirectlyinyournamewithourtransferagent,youareconsidereda“shareholderofrecord.”ShareholdersofrecordcanvotetheirsharesofTechDatacommonstockinthefollowingfourways:

    • By Internet—Youmaysubmityourproxybygoingto[●]andbyfollowingtheinstructionsonhowtocompleteanelectronicproxycard.Youwillneedthe16-digitnumberincludedonyourproxycardinordertovotebyInternet.

    • By Telephone—Youmaysubmityourproxybydialing[●]andbyfollowingtherecordedinstructions.Youwillneedthe16-digitnumberincludedonyourproxycardinordertovotebytelephone.

    • By Mail—Youmayvotebymailbyindicatingyourvotebycompleting,signinganddatingtheproxycardwhereindicatedandbymailingorotherwisereturningthecardintheenvelopethatwillbeprovidedtoyou.Youshouldsignyournameexactlyasitappearsontheproxycard.Ifyouaresigninginarepresentativecapacity(forexample,asguardian,executor,trustee,custodian,attorneyorofficerofacorporation),indicateyournameandtitleorcapacity.

    • At the Special Meeting—IfyouareashareholderofrecordandprefertovoteyoursharesattheSpecialMeeting,youmustbringproofofidentificationalongwithyourproxycardorproofofownership.

    EvenifyouplantoattendtheSpecialMeeting,weencourageyoutosubmitaproxyinadvancebyInternet,telephoneormailsothatyourshareswillbevotedifyoulaterdecidenottoattendtheSpecialMeeting.TelephoneandInternetfacilitiesforthesubmissionofaproxytovoteshareswillbeavailable24hoursadayandwillcloseat11:59p.m.EasternTimeon[●],2020.Proxycardsmailedwithrespecttosharesmustbereceivednolaterthan[●],2020inordertobecountedinthevote.

    Ifyoubeneficiallyownyoursharesandreceiveavotinginstructionform,youcanvotebyfollowingtheinstructionsonyourvotinginstructionform.Pleaserefertoinformationfromyourbank,brokerorothernomineeonhowtosubmitvotinginstructions.Shareholderswhoowntheirsharesin“streetname”arenotabletovoteattheSpecialMeetingunlesstheyhavealegalproxy,executedintheirfavor,fromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingthemtherighttovotetheshares.

    Q. How do I vote if my shares are held in the name of my bank, brokerage firm or other nominee?

    A. Ifyoursharesareheldbyyourbank,brokeragefirmorothernominee,youareconsideredthebeneficialownerofsharesheldin“streetname”andyouwillreceiveaformfromyourbank,brokeragefirmorothernomineeseekinginstructionfromyouastohowyoursharesshouldbevoted.Ifyoubeneficiallyownyoursharesandreceiveavotinginstructionform,youcanvotebyfollowingtheinstructionsonyourvotinginstructionform.Pleaserefertoinformationfromyourbank,brokeragefirmorothernomineeonhowtosubmitvotinginstructions.ShareholdersmaybeabletovotebytelephoneandbyInternet.Shareholderswhoowntheirsharesin“streetname”arenotabletovoteattheSpecialMeetingunlesstheyhaveaproxy,executedintheirfavor,fromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingthemtherighttovotetheshares.

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    Q. What is a proxy?

    A. Aproxyisyourlegaldesignationofanotherperson,referredtoasa“proxy,”tovoteyoursharesofTechDatacommonstock.ThewrittendocumentdescribingthematterstobeconsideredandvotedonattheSpecialMeetingiscalleda“proxystatement.”ThedocumentusedtodesignateaproxytovoteyoursharesofTechDatacommonstockiscalleda“proxycard.”

    Q. If a shareholder gives a proxy, how are the shares voted?

    A. Regardlessofthemethodyouchoosetovote,theindividualsnamedontheenclosedproxycard,oryourproxies,willvoteyoursharesinthewayyouindicate.WhencompletingtheInternetortelephoneprocessforsubmittingaproxy,youmayspecifywhetheryoursharesshouldbevoted“FOR”or“AGAINST”ortoabstainfromvotingonall,someornoneofthespecificitemsofbusinesstocomebeforetheSpecialMeeting.

    Ifyouproperlysignandreturnyourproxycardbutdonotmarktheboxesshowinghowyoursharesshouldbevotedonamatter,thesharesrepresentedbyyourproperlysignedproxywillbevotedasrecommendedbytheBoardwithrespecttoeachproposal.

    Q. Can I change or revoke my proxy after it has been submitted?

    A. Yes.YoucanchangeorrevokeyourproxyatanytimebeforethefinalvoteattheSpecialMeeting.Ifyouaretheshareholderofrecord,youmaychangeorrevokeyourproxyby:

    • sendingawrittenstatementtothateffecttoourCorporateSecretary,providedsuchstatementisreceivednolaterthan[●],2020;

    • submittinganewproxybyInternetortelephoneatalatertimebeforetheclosingofthosevotingfacilitiesat11:59p.m.EasternTimeon[●],2020;

    • submittingaproperlysignedproxycardwithalaterdatethatisreceivednolaterthan[●],2020;or

    • attendingtheSpecialMeetingandvotinginperson.

    Ifyouholdsharesin“streetname,”youmaysubmitnewvotinginstructionsbycontactingyourbank,brokerorothernominee.YoumayalsochangeyourvoteorrevokeyourproxyinpersonattheSpecialMeetingifyouobtainaproxy,executedinyourfavor,fromtheshareholderofrecord(bank,brokeragefirmorothernominee)givingyoutherighttovotetheshares.

    Ifyousubmitaproxyorprovideinstructionstovoteyoursharesanddonotthereafterrevokesuchproxyorchangesuchinstructionsinaccordancewithoneofthemethodssetforthabove,yourshareswillberepresentedandvotedattheSpecialMeeting.

    Q. How many shares of Tech Data common stock must be present to constitute a quorum for the Special Meeting? What if there is no quorum?

    A. UnderourbylawsandtheFBCA,theholders(asoftherecorddate)ofamajorityoftheoutstandingsharesofTechDatacommonstockentitledtovoteonamatterattheSpecialMeeting,whetherrepresentedinpersonorbyproxywillconstituteaquorumonthatmattersattheSpecialMeeting.TheremustbeaquorumforbusinesstobeconductedattheSpecialMeeting.Ifaquorumisnotpresent,theshareholdersholdingamajorityofthesharesofTechDatacommonstockpresentinpersonorbyproxyattheSpecialMeetingandentitledtovotethereatmayadjourntheSpecialMeetingfromtimetotime.FailureofaquorumtobepresentattheSpecialMeetingwillnecessitateanadjournmentorpostponementoftheSpecialMeetingandmaysubjectTechDatatoadditionalexpense.Ifanewrecorddateisormustbefixedunderlaw,anoticeoftheadjournedmeetingmustbegiventoeachshareholderofrecordasofthenewrecorddateandwhoisotherwiseentitledtonoticeofandvoteatsuchmeeting.Asofthecloseofbusinessontherecorddate,therewere[●]sharesofTechDatacommonstockoutstanding.Accordingly,[●]sharesofTechDatacommonstockmustbepresentorrepresentedbyproxyattheSpecialMeetingtoconstituteaquorum.

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    Q. What if I abstain from voting on any proposal?

    A. IfyouattendtheSpecialMeetingorsubmit(anddonotthereafterrevoke)aproperlyexecutedproxycard,evenifyouabstainfromvoting,yoursharesofTechDatacommonstockwillstillbecountedforpurposesofdeterminingwhetheraquorumispresentattheSpecialMeeting,butwillnotbecountedforpurposesofvotingontheproposals.Asaresult,yourabstentionfromvotingwillhavethesameeffectasavote“AGAINST”theMergerProposal.YourabstentionfromvotingwillhavenoeffectontheoutcomeofthenamedexecutiveofficerMerger-relatedcompensationproposalortheAdjournmentProposal.

    Q. Will my shares be voted if I do not sign and return my proxy card or vote by telephone or over the Internet or in person at the Special

    Meeting?

    A. IfyouareashareholderofrecordofTechDataandyoudonotattendtheSpecialMeeting,signandreturnyourproxycardbymail,orsubmityourproxybytelephoneorovertheInternet,yourshareswillnotbevotedattheSpecialMeetingandwillnotbecountedaspresentforpurposesofdeterminingwhetheraquorumexists.ThefailuretoreturnyourproxycardorotherwisevoteyoursharesattheSpecialMeetingwillhavenoeffectontheoutcomeofthenamedexecutiveofficerMerger-relatedcompensationproposalortheAdjournmentProposal,assumingthataquorumexists.However,thevotetoapprovetheMergerProposalisbasedonthetotalnumberofsharesofTechDatacommonstockoutstandingandentitledtovoteasofthecloseofbusinessontherecorddate,notjustthesharesthatarecountedaspresentinpersonorbyproxyattheSpecialMeeting.Asaresult,ifyoufailtoreturnyourproxycardorotherwisevoteyoursharesattheSpecialMeeting,itwillhavethesameeffectasavote“AGAINST”theMergerProposal.

    YouwillhavetherighttoreceivetheMergerConsiderationiftheMergerProposalisapprovedandtheMergeriscompletedevenifyoursharesarenotvotedattheSpecialMeeting.

    Q. What is a broker non-vote?

    A. Brokernon-votesaresharesheldin“streetname”bybanks,brokeragefirmsorothernomineesthatarepresentorrepresentedbyproxyattheSpecialMeeting,butwithrespecttowhichthebank,brokeragefirmorothernomineeisnotinstructedbythebeneficialownerofsuchshareshowtovoteonaparticularproposalandsuchbank,brokeragefirmorothernomineedoesnothavediscretionaryvotingpoweronsuchproposal.Because,underNASDAQrules,banks,brokeragefirmsorothernomineesholdingsharesin“streetname”donothavediscretionaryvotingauthoritywithrespecttoanyofthethreeproposalsdescribedinthisproxystatement,ifabeneficialownerofsharesofTechDatacommonstockheldin“streetname”doesnotgivevotinginstructionstothebank,brokeragefirmorothernominee,thenthoseshareswillnotbecountedaspresentinpersonorbyproxyattheSpecialMeeting.Asaresult,itisexpectedthattherewillnotbeanybrokernon-votesinconnectionwithanyofthethreeproposalsdescribedinthisproxystatement.Thefailuretoissuevotinginstructionstoyourbank,brokeragefirmorothernomineewillhavenoeffectontheoutcomeofthenamedexecutiveofficerMerger-relatedcompensationproposalorAdjournmentProposal,assumingthataquorumexists.However,thevotetoapprovetheMergerProposalisbasedonthetotalnumberofsharesofTechDatacommonstockentitledtovoteontheMergerProposalontherecorddate,notjustthesharesthatarecountedaspresentinpersonorbyproxyattheSpecialMeeting.Asaresult,ifyoufailtoissuevotinginstructionstoyourbank,brokeragefirmorothernominee,thesharesofTechDatacommonstockthatyouownwillnotbecountedforpurposesofdeterminingwhetheraquorumispresentattheSpecialMeetinganditwillhavethesameeffectasavote“AGAINST”theMergerProposal.

    Q. Will my shares held in “street name” or another form of record ownership be combined for voting purposes with shares I hold of record?

    A. No.Becauseanysharesyoumayholdin“streetname”willbedeemedtobeheldbyadifferentshareholderthananysharesyouholdofrecord,anysharesheldin“streetname”willnotbecombinedforvotingpurposeswithsharesyouholdofrecord.Similarly,ifyouownsharesinvariousregisteredforms,suchas

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    jointlywithyourspouse,astrusteeofatrustorascustodianforaminor,youwillreceive,andwillneedtosignandreturn,aseparateproxycardforeachofthosesharesbecausetheyareheldinadifferentformofrecordownership.Sharesheldbyacorporationorbusinessentitymustbevotedbyanauthorizedofficeroftheentity.Sharesheldinanindividualretirementaccountmustbevotedundertherulesgoverningtheaccount.

    Q. Am I entitled to exercise appraisal rights instead of receiving the per share Merger Consideration for my shares of Tech Data common stock

    in connection with the Merger?

    A. No.SolongasTechDatacommonstockcontinuestobelistedontheNASDAQ,holdersofTechDatacommonstockdonothaveappraisalrightsundertheFBCAinconnectionwiththeMerger.

    Q. What happens if I sell my shares of Tech Data common stock before the completion of the Merger?

    A. Inor


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