other material
confidence high
sentiment neutral
materiality 0.60
TD SYNNEX announces secondary offering of Apollo's remaining 5.3M shares, concurrent buyback of 1.75M shares
TD SYNNEX CORP
- Selling stockholders (Apollo entities) offer 5,309,299 shares of common stock; company receives no proceeds.
- TD SYNNEX will repurchase 1,750,000 shares from underwriters as part of the offering under existing buyback program.
- Underwriters include J.P. Morgan, Citigroup, Goldman Sachs, Mizuho, and RBC Capital Markets.
- Repurchase funded from existing cash; underwriters receive no compensation for those shares.
- Offering represents all remaining shares owned by Apollo, marking its full exit from the stock.