TD Synnex Corporation
TD SYNNEX Announces Secondary Public Offering and Concurrent Share Repurchase
Summary
TD SYNNEX Corporation announced the commencement of a secondary public offering of 7,625,000 shares of its common stock held by affiliates of Apollo Global Management, with an option for underwriters to purchase up to an additional 1,143,750 shares. Concurrently, the company intends to repurchase up to 1,375,000 shares from the underwriters, not exceeding $160.0 million, as part of its existing share repurchase program. The offering is being managed by Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC. The company will not receive any proceeds from the sale by the Selling Stockholders.
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About TD Synnex Corporation
TD Synnex Corporation is a global leader in business process services, specializing in the distribution of technology products and services. The company's primary function is to provide comprehensive supply chain solutions, acting as a vital conduit between technology manufacturers and end-users across various sectors, including IT, education, healthcare, and government. TD Synnex plays a critical role in ensuring the efficient movement of technology products from production to market, thereby enhancing the scalability and reach of its vendor partners. The company offers a broad array of value-added services, such as logistics, integration, and financial services, thus facilitating optimized technology solutions for its clientele. Headquartered in Florida, TD Synnex operates across multiple continents, cementing its market significance as a reliable partner in the ever-evolving tech distribution landscape. It significantly impacts the technology ecosystem by enabling and accelerating access to innovative products and solutions worldwide, thus serving as a backbone for technology deployment in diverse industries.
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