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Reported Earlier, TD SYNNEX Prices Upsized Secondary Public Offering Of 10.5M Common Stock And Concurrent Share Repurchase

Author: Benzinga Newsdesk | March 28, 2024 01:39am

In addition, the Company has agreed to purchase from the underwriters 500,000 shares of common stock that are the subject of the offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the "Concurrent Share Repurchase") under the Company's existing share repurchase program. The Company plans 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.

Posted In: SNX


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