TD SYNNEX Launches Secondary Public Offering and Buyback

TD SYNNEX Corporation (SNX) has released an update.

TD SYNNEX Corporation and entities managed by Apollo Global Management affiliates entered into an underwriting agreement for a secondary public offering of 7,625,000 shares of common stock, with an option for underwriters to purchase an additional 1,143,750 shares. The company itself will buy back 1,375,000 shares at the same price as the underwriters, approved by its Audit Committee, under its share repurchase program, using existing cash. The offering and share repurchase have been made under effective shelf registration statements with the SEC, and the underwriting agreement includes standard terms, closing conditions, and indemnifications.

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