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SYNNEX Corp (SNX.N)

SNX.N on New York Stock Exchange

96.24USD
1:32am IST
Change (% chg)

$-1.07 (-1.10%)
Prev Close
$97.31
Open
$97.45
Day's High
$97.88
Day's Low
$96.12
Volume
56,790
Avg. Vol
83,196
52-wk High
$141.93
52-wk Low
$93.82

Latest Key Developments (Source: Significant Developments)

Synnex Corporation Completes Credit Facility And Receives Early Termination Of Hart-Scott-Rodino Waiting Period
Friday, 10 Aug 2018 

SYNNEX Corp ::SYNNEX CORPORATION COMPLETES CREDIT FACILITY AND RECEIVES EARLY TERMINATION OF HART-SCOTT-RODINO WAITING PERIOD.SYNNEX - RENEWED EXISTING CREDIT AGREEMENT, SECURED $1.8 BILLION OF INCREMENTAL FINANCING, IN CONNECTION WITH PROPOSED CONVERGYS CORPORATION ACQUISITION.SYNNEX CORP - AT END OF Q2 FISCAL 2018, BETWEEN CASH AND CREDIT FACILITIES, SYNNEX HAD OVER $1.9 BILLION OF LIQUIDITY AVAILABLE.SYNNEX CORP - ANTICIPATES SIMILAR LIQUIDITY LEVELS AND FLEXIBILITY SUBSEQUENT TO CLOSING OF PROPOSED CONVERGYS CORPORATION ACQUISITION.  Full Article

Synnex, On Aug 7, Co Entered Amendment To Credit Agreement, Initially Dated Nov 27, 2013
Wednesday, 8 Aug 2018 

Aug 7 (Reuters) - SYNNEX Corp ::SYNNEX - ON AUG 7, CO ENTERED AMENDMENT TO CREDIT AGREEMENT, INITIALLY DATED NOV 27, 2013.SYNNEX - AMENDMENT AMENDS CREDIT AGREEMENT BY PERMITTING CO TO INCUR UPTO $1.8 BILLION ADDITIONAL SECURED INDEBTEDNESS RELATED TO CONVERGYS ACQUISITION.SYNNEX CORP - ALSO AMENDS AGREEMENT BY PERMITTING SYNNEX TO ASSUME INDEBTEDNESS OF CONVERGYS IN RESPECT OF ITS OUTSTANDING CONVERTIBLE DEBENTURES.SYNNEX - AMENDMENT PERMITS INCREASING AMOUNT OF INCREMENTAL COMMITMENTS FOR LOANS NOT EXCEEDING $500 MILLION - SEC FILING.SYNNEX - DUE TO ENTRY TO CREDIT AGREEMENT AMENDMENT, $1,770 MILLION COMMITMENT WITH RESPECT TO 'TRANCHE B OF BRIDGE FACILITY' UNDER CO WAS REDUCED TO 0.  Full Article

Convergys To Be Acquired By Synnex Corporation For $2.8 Billion In Cash And Stock
Friday, 29 Jun 2018 

June 28 (Reuters) - Convergys Corp ::CONVERGYS TO BE ACQUIRED BY SYNNEX CORPORATION FOR $2.8 BILLION IN CASH AND STOCK.CONVERGYS CORP - FOLLOWING CLOSE OF TRANSACTION, IT IS EXPECTED THAT CO WILL BE COMBINED WITH SYNNEX'S CRM BPO SUBSIDIARY.CONVERGYS CORP - DEAL ENTERPRISE VALUE OF APPROXIMATELY $2.8 BILLION IS INCLUDING APPROXIMATELY $170 MILLION OF CONVERGYS OUTSTANDING NET DEBT.  Full Article

Synnex nears deal to buy Convergys for about $2.4 billion- WSJ
Friday, 29 Jun 2018 

June 28 (Reuters) - Convergys Corp ::CONVERGYS IS NEAR AN AGREEMENT TO BE ACQUIRED BY SYNNEX CORP FOR ABOUT $2.4 BILLION - WSJ, CITING SOURCES.  Full Article

Synnex Corp Amended Accounts Receivable Securitization Program By Entering Into Eighth Omnibus Amendment
Saturday, 12 May 2018 

May 11 (Reuters) - SYNNEX Corp ::SYNNEX CORP SAYS ON MAY 7, CO, UNIT AMENDED CO' ACCOUNTS RECEIVABLE SECURITIZATION PROGRAM BY ENTERING INTO EIGHTH OMNIBUS AMENDMENT - SEC FILING.SYNNEX CORP - SECURITIZATION AMENDMENT INCREASES LENDING COMMITMENT OF LENDERS TO SIT BY $250 MILLION, TO $850 MILLION.SYNNEX - AMENDMENT INCREASES SIZE OF ACCORDION FEATURE UNDER WHICH SIT MAY REQUEST AN INCREASE IN LENDERS' COMMITMENT TO $150 MILLION.SYNNEX CORP - SECURITIZATION AMENDMENT EXTENDS MATURITY DATE OF TRADE RECEIVABLES SECURITIZATION TO MAY 7, 2020.  Full Article

MiTAC Holdings unit disposes 451,000 shares of SYNNEX for $58.8 mln
Thursday, 18 Jan 2018 

Jan 18(Reuters) - MiTAC Holdings Corp <3706.TW>:Says co's unit Silver Star Developments Ltd disposes 451,000 shares of SYNNEX CORPORATION, for $58.8 million in total ($130.3 per share).Says gain from the disposal is about $32.8 million .  Full Article

Synnex Corporation Posts Q4 Adj. EPS $2.79​
Wednesday, 10 Jan 2018 

Jan 9 (Reuters) - Synnex Corp ::QTRLY REVENUE $5,312 MILLION VERSUS $3,887 MILLION.QTRLY ‍NON-GAAP DILUTED EPS $2.79​.- BOARD DECLARED A QUARTERLY CASH DIVIDEND OF $0.35 PER COMMON SHARE.QTRLY ‍DILUTED EPS $2.26​.ORATION REPORTS FISCAL 2017 FOURTH QUARTER AND FULL YEAR RESULTS.SEES Q1 2018 NON-GAAP EARNINGS PER SHARE $2.06 TO $2.15.SEES Q1 2018 EARNINGS PER SHARE $1.58 TO $1.68.SEES Q1 2018 REVENUE $4.35 BILLION TO $4.55 BILLION.- EXPECTS THAT ANTICIPATED BENEFIT ASSOCIATED WITH 2017 US TAX REFORM LAW WILL BE UTILIZED FOR BUSINESS INVESTMENT AND DEBT REDUCTION.  Full Article

SYNNEX SAYS ITS UNIT SIGNED AGREEMENT WITH RAYCOP TO DISTRIBUTE ALLERGEN VACUUMS
Thursday, 16 Feb 2017 

Synnex Corp :SYNNEX CORP SAYS ITS UNIT SIGNED AN AGREEMENT WITH RAYCOP TO DISTRIBUTE ALLERGEN VACUUMS TO NORTH AMERICAN RETAIL CHANNEL.  Full Article

Synnex expands outsourcing reach with $2.4 billion Convergys deal

Business process services company Synnex Corp said on Thursday it would buy call center operator Convergys Corp in a $2.43 billion cash-and-stock deal to expand its footprint in the technology and information services space.