TD SYNNEX Corporation (SNX) has released an update.
TD SYNNEX Corporation and affiliated entities of Apollo Global Management, Inc. finalized an underwriting agreement for a secondary public offering of 8,768,750 shares of common stock on January 29, 2024, which included additional shares purchased by underwriters. The offering concluded on January 31, 2024, with the company also buying back shares at a significant cost under its share repurchase program, funded by existing cash reserves. The sale did not yield any proceeds for the company as all shares were sold by the Selling Stockholders, and the underwriters received no compensation for the repurchased shares. The offering was made under existing SEC registration statements and does not constitute an offer to sell, nor solicitation of an offer to buy, in any jurisdiction where it would be unlawful.
For further insights into SNX stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
