SNX Buyback

TD SYNNEX Corporation Buyback

OLI recorded this information on 4/4/2024

Company:

TD SYNNEX Corporation

Buyback:

SNX buyback

Share Amount Authorized:

1,750,000

Buyback Details:

TD SYNNEX Corporation (NYSE:SNX) ("TD SYNNEX" or the "Company") today announced a proposed secondary public offering of 5,309,299 shares of its common stock currently held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"), which represent all the remaining shares owned by the Selling Stockholders. TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering. In addition, the Company has authorized the purchase from the underwriters of 1,750,000 shares of common stock as part of the secondary public offering (the "Concurrent Share Repurchase"). The Concurrent Share Repurchase is part of the Company's existing share repurchase program. The Company intends to fund the Concurrent Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being repurchased by the Company.

TD SYNNEX is a provider of a range of distribution, systems design and integration solutions for the technology industry. Co. groups the majority of its offerings into two primary solutions portfolios, Endpoint Solutions and Advanced Solutions which are comprised of the following: its Endpoint Solutions portfolio primarily includes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software and consumer electronics; and its Advanced Solutions portfolio primarily includes data center technologies such as storage, networking, servers, advanced technology software and converged and hyper-converged infrastructure as well as other solution businesses.

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SNX — Key Stats (updated 2 hours, 2 minutes ago)

Company Name:	TD SYNNEX Corp
Stock buyback:	SNX buyback
Website:	www.synnex.com
Sector:	Information Technology Services
Number of ETFs Holding SNX:	67
Total Market Value Held by ETFs:	$1.36B
Total Market Capitalization:	$10.07B
% of Market Cap. Held by ETFs:	13.54%

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TD SYNNEX Corporation Buyback

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