TD SYNNEX launches secondary offering of 7.6M shares by Apollo; to repurchase up to $160M of stock

TD SYNNEX CORP

Secondary offering of 7,625,000 common shares by affiliates of Apollo Global Management.
Underwriters have a 30-day option to purchase up to an additional 1,143,750 shares from Apollo.
Company will buy back 1,375,000 shares from underwriters, capped at $160 million, using existing cash.
TD SYNNEX will not receive any proceeds from the offering; underwriters receive no compensation for repurchased shares.
Goldman Sachs, BofA Securities, and RBC Capital Markets are joint bookrunners.

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