other material
confidence high
sentiment neutral
materiality 0.65
TD SYNNEX facilitates secondary offering of 6.75M shares, concurrently repurchases 2.75M shares for $262.7M
TD SYNNEX CORP
- Selling stockholders (Apollo affiliates) sold 6.75M shares; underwriters have 30-day option for additional 1.0125M shares.
- Company repurchased 2.75M shares from underwriters at $95.5135/share, total $262.7M, funded from existing cash.
- Company received no proceeds from the secondary offering; all shares sold by selling stockholders.
- Concurrent share repurchase approved by Audit Committee; made under existing repurchase program.