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TD SYNNEX CORPORATION - SNX STOCK NEWS

Welcome to our dedicated page for TD SYNNEX CORPORATION news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX CORPORATION stock.

TD SYNNEX Corporation (SNX) serves as your centralized source for official news and developments from the global IT distribution leader. This repository aggregates essential updates including financial results, strategic partnerships, technology ecosystem expansions, and operational milestones.

Investors and industry professionals gain direct access to primary source documents including earnings releases, executive announcements, and supply chain innovations. Our curated feed ensures timely updates on SNX's role in connecting 150,000+ technology solutions across hardware distribution, cloud services, and business process outsourcing.

The archive features categorized updates on:
- Quarterly financial performance and annual reports
- Strategic vendor partnerships and channel expansions
- Technology solution launches and service enhancements
- Corporate governance updates and leadership changes

Bookmark this page for streamlined tracking of SNX's market position as a Fortune 500 leader in IT infrastructure and solutions aggregation. Verify time-sensitive decisions against original press releases and official statements.

Rhea-AI Summary
SMART Technologies announces a new partnership with TD SYNNEX in the United States, aiming to provide more diverse buying options for education, public sector, and business customers. The partnership offers faster access to in-stock products, enhanced logistics, and more procurement options. SMART's interactive displays are designed to be easy to integrate, use, and support, with market-leading longevity and value over time.
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Rhea-AI Summary
TD SYNNEX Corporation (NYSE: SNX) has announced the pricing of a secondary public offering of 7,625,000 shares of its common stock, all being sold by certain entities managed by affiliates of Apollo Global Management, Inc.
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Rhea-AI Summary
TD SYNNEX Corporation (SNX) announced a proposed secondary public offering of 7,375,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters will have a 30-day option to purchase up to an additional 1,106,250 shares of common stock from the Selling Stockholders. TD SYNNEX is not selling any shares and will not receive any proceeds from the sale. The Company has also authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, not to exceed $160.0 million. The Company intends to fund the Concurrent Share Repurchase from existing cash on hand. The underwriters are Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC. Shelf registration statements relating to the resale of the shares were previously filed with the SEC and became effective on specific dates. This press release is not an offer to sell or buy securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.55%
Tags
buyback offering
Rhea-AI Summary
TD SYNNEX Corporation (SNX) has announced a secondary public offering of 7,625,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters have a 30-day option to purchase up to an additional 1,143,750 shares. The company is not selling any shares and will not receive any proceeds from the sale. Additionally, the company has authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, with a total repurchase limit of $160.0 million. The company intends to fund the repurchase from existing cash on hand. Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC are acting as joint bookrunners and underwriters for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
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-3.55%
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buyback offering
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Rhea-AI Summary
TD SYNNEX (NYSE: SNX) has recently reached a significant milestone with over 2,000 partners engaged in the Enablement Journey for Copilot for Microsoft 365. This program has also been expanded to be available to cloud solution providers, with over 500 individuals certified in the TD SYNNEX program. The industry's enthusiasm for developing expertise in generative AI is evident, as shown by the recent milestones and the expansion of Copilot for Microsoft 365, which offers enhanced user productivity and creativity across popular Microsoft apps with enterprise-grade security and responsible AI.
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AI
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Rhea-AI Summary
TD SYNNEX (NYSE: SNX) announces the retirement of Matthew Miau and Fred Breidenbach from the Board of Directors, with Ting Herh nominated as the new independent director. Herh's nomination will bring the board composition to 11 members. Miau and Breidenbach have provided long-standing service, with Miau being the longest-tenured director since 1992. The company expresses gratitude for their leadership and commitment. Ting Herh brings over 40 years of experience in the technology industry and is expected to be a valuable addition to the board.
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Centific (CTFC) partners with TD SYNNEX to enhance accessibility and scalability of Pitaya, its AI-powered retail ops platform, revolutionizing availability and accessibility of AI-driven computer vision and analytics solutions.
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0.27%
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TD SYNNEX (NYSE: SNX) announced fiscal fourth quarter revenue of $14.4 billion, non-GAAP gross billings of $19.7 billion, net income of $188 million, and free cash flow of $1.3 billion, returning $751 million to shareholders in fiscal 2023. The company declared a Q1 dividend per share of $0.40, a 14% increase to the prior quarter.
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Rhea-AI Summary
TD SYNNEX (SNX) announces the retirement of Duane Zitzner from its Board of Directors, effective at the 2024 Annual Meeting of Stockholders. Zitzner, who has served as a Director since 2007, has provided over 15 years of leadership and expertise to help transform TD SYNNEX into a leading technology distributor and solution aggregator.
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Shyft Global Services (SNX) acquires Cokeva, Inc., expanding repair capabilities, certifications, and footprint. Cokeva's 220,000 sq. ft. facility in Roseville, California, holds ISO 9001:2015 and ISO 5/Class 100 certifications. Shyft now has certified facilities in Ohio, Poland, Netherlands, Singapore, and California, enhancing end-to-end technology services.
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TD SYNNEX CORPORATION

NYSE:SNX

SNX Rankings

SNX Stock Data

8.87B
78.49M
6.4%
90.37%
1.54%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States
FREMONT