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.
* * *
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