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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 1, 1998
TECH DATA CORPORATION
(Exact name of registrant as specified in its charter)
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Florida 0-14625 59-1578329
(State or other (Commission File Number) (I.R.S.
jurisdiction Employer
of Identification No.)
incorporation)
5350 Tech Data Drive, Clearwater, Florida 33760
(Address of principal executive offices)
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Registrant's telephone number, including area code: (727) 539-7429
Not applicable
(Former name or former address, if changed since last report.)
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Item 2. Acquisition or Disposition of Assets.
On July 1, 1998, Tech Data Corporation (the "Company") completed the acquisition
of approximately 80% of the voting common stock of Computer 2000 AG ("Computer
2000"), Europe's leading technology products distributor. The Company acquired
the outstanding voting stock of Computer 2000 from its parent company, Klockner
& Co. AG, based in Duisburg, Germany. Klockner & Co. is a subsidiary of
Munich-based conglomerate VIAG AG. The acquisition was completed through an
exchange of approximately 2.2 million shares of Tech Data Corporation common
stock and $300 million of 5% convertible subordinated notes due 2003, for a
combined total value of $394 million. In a separate cash transaction on July 1,
1998, Tech Data also acquired an additional stake of approximately 3% of
Computer 2000's shares from an institutional investor.
Computer 2000 AG serves more than 75,000 resellers in Europe and other parts of
the world, with operations in Argentina, Austria, Belgium, Bulgaria, Chile,
Czech Republic, Denmark, Ireland, Estonia, Finland, France, Germany, Great
Britain, Hungary, Iceland, Italy, Latvia, Lithuania, Netherlands, Norway, Peru,
Poland, Portugal, Russia, Slovakia, Spain, Sweden, Switzerland, United Arab
Emirates and Urguay. In its most recent fiscal year ended September 30, 1997,
Computer 2000 reported sales and operating profits of DM8.2 billion ($4.9
billion) and DM110.0 million ($65.9 million), respectively.
Item 7. Financial Statements and Exhibits.
(a) & (b) It is currently not feasible to provide financial statements
pro forma or historical which conform with U.S. GAAP, required
pursuant to Regulation S-K in connection with the acquisition
identified in Item 2 above. This Report will be amended within 60
days from the date this Report is filed to include such financial
statement information.
(c) Exhibits
2-A* Share Purchase Agreement between Klockner & Co. AG and Tech Data
Corporation dated April 14, 1998 and amended June 30, 1998.
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* Document contains certain confidential information which has been
omitted from the attached Exhibit 2-A and has been filed separately
with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TECH DATA CORPORATION
Dated: July 15, 1998 By: /s/ Jeffery P. Howells
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Jeffery P. Howells
Executive Vice President
and Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description
2-A* Share Purchase Agreement between
Klockner & Co. AG and Tech Data
Corporation dated April 14, 1998 and
amended June 30, 1998.
* Document contains certain confidential information which has been omitted and
has been filed separately with the Securities and Exchange Commission.