SYNNEX Corporation Announces Sale of Secondary Shares

 

Fremont, California — November 17, 2005 - SYNNEX Corporation (NYSE: SNX), today announced the public offering of 2,500,000 shares of its common stock at a price of $15.32 per share. The offering is expected to close on Tuesday, November 22, 2005.

All 2,500,000 shares of common stock are being sold by a group of selling stockholders. SYNNEX will not receive any proceeds from the sale of the common stock. The selling stockholders have granted the underwriters the option to purchase up to an aggregate of 375,000 additional shares to cover over-allotments, if any.

The shares are being sold through an underwriting group managed by Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., Raymond James & Associates LLC and Banc of America Securities LLC.

Copies of the prospectus relating to this offering may be obtained from Bear, Stearns & Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, New York 10179; telephone 631-254-7135 or by faxing requests to 631-254-7268.

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A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission on November 17, 2005. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

SYNNEX and the SYNNEX logo are trademarks of SYNNEX Corporation or its subsidiaries and should be treated as such. All rights reserved. All other company names mentioned herein are trademarks of their respective owners.

CONTACT: SYNNEX Corporation
Laura Kelley
(510) 668-3715