secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-017358
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524017358/0001193125-24-017358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524017358/d742050d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-017358

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