TD SYNNEX announces secondary offering of 5.3M shares by Apollo affiliates and $200M buyback

TD SYNNEX CORP

Apollo affiliates sold 5,309,299 shares in secondary offering; expected close April 9, 2024.
Company repurchased 1,750,000 shares at $114.20/share from underwriters for ~$199.9M.
Repurchase funded from cash on hand under existing program; Company got no proceeds from secondary sale.
Audit Committee of independent directors approved the concurrent share repurchase terms.

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