secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001193125-24-078837
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524078837/0001193125-24-078837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524078837/d811796d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-078837

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