TD SYNNEX discloses Apollo-led secondary offering of 12.1M shares, concurrent $54M buyback

TD SYNNEX CORP

Apollo-managed entities to sell 12,075,000 shares of SNX common stock via secondary offering; includes 1,575,000 share over-allotment.
TD SYNNEX repurchased 500,000 shares at $108.60/share (~$54.3M) from underwriters concurrently with offering.
Company used existing cash for buyback; no proceeds from sale of shares by selling stockholders.
Offering expected to close on or about April 2, 2024; registered under shelf registration statements.

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