TD SYNNEX reports secondary offering of 8.77M shares by Apollo affiliates, concurrent buyback of 1.38M shares

TD SYNNEX CORP

Selling stockholders (Apollo entities) sold 8,768,750 shares at $100.50; offering closed Jan 31, 2024.
Company repurchased 1,375,000 shares from underwriters at $100.50/share, totaling ~$138.2M.
Repurchase funded with existing cash, approved by independent Audit Committee; no proceeds to company from secondary.
Offering included full exercise of underwriters' option for additional 1,143,750 shares from selling stockholders.

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