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BRIEF-Synnex on termination of agreement by co, in event Datatec, unit breach terms of non-solicit obligations, Datatec to pay $24.9 mln
June 6, 2017 / 10:55 AM / 2 months ago

BRIEF-Synnex on termination of agreement by co, in event Datatec, unit breach terms of non-solicit obligations, Datatec to pay $24.9 mln

June 6 (Reuters) - Synnex Corp:

* Synnex- Upon termination of agreement by co, in event Datatec, unit breach terms of non-solicit obligations, among others, Datatec to pay co $24.9 million

* Synnex says if agreement is terminated because Datatec shareholder consent is not obtained, Datatec to pay co termination fee of $3.0 million- sec filing

* Synnex - in event of cash election, if agreement terminated as certain lender consents not obtained, co to pay Datatec termination fee of $3.0 million Source text (bit.ly/2r0Ysas) Further company coverage:

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