TD SYNNEX launches secondary offering of 9M shares by Apollo affiliates; to buy back up to 500k shares

TD SYNNEX CORP

Secondary offering of 9,000,000 shares by entities managed by Apollo Global Management affiliates; underwriters have 30-day option for up to 1,350,000 additional shares.
TD SYNNEX will not receive any proceeds from the secondary sale.
Company will purchase 500,000 shares (max $60 million) from underwriters as part of concurrent share repurchase.
Repurchase funded from existing cash under existing share repurchase program; underwriters receive no compensation for repurchased shares.
J.P. Morgan, Barclays, BofA Securities, and Mizuho are joint bookrunners for the offering.

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