secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001193125-24-087860
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TD SYNNEX prices secondary offering of 5.3M shares by Apollo affiliates; to buy 1.75M shares concurrently
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- 5,309,299 shares offered by Apollo affiliates; TD SYNNEX receives no proceeds.
- Company to repurchase 1,750,000 shares from underwriters at offering price under existing buyback program.
- Repurchase funded from existing cash; underwriters receive no compensation for repurchased shares.
- Offering expected to close April 9, 2024; J.P. Morgan, Citi, Goldman Sachs, Mizuho, RBC act as joint bookrunners.
- Apollo affiliates sell all remaining shares; net share count impact depends on repurchase offset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524087860/0001193125-24-087860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000119312524087860/d820869d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-087860

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