TD SYNNEX launches secondary offering of 6.75M shares held by Apollo affiliates, plans $280M concurrent buyback

TD SYNNEX CORP

Secondary offering of 6,750,000 shares by selling stockholders (Apollo affiliates and others); underwriters have 30-day option for 1,012,500 more.
TD SYNNEX to repurchase up to 2,750,000 shares (max $280M) from underwriters as part of the offering, funded from cash.
Company will not receive any proceeds from share sales by selling stockholders.
Goldman Sachs and J.P. Morgan are joint bookrunners for the offering.

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