SEC Filing Summary: TD SYNNEX CORP (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SYNNEX CORPORATION on July 11, 2016. The filing reports a material corporate event involving Concentrix Corporation, a wholly owned subsidiary of SYNNEX.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The only financial figure disclosed relates to a specific transaction:
- Acquisition Price: Approximately $420 million in cash.
Material Changes
On July 11, 2016, Concentrix Corporation entered into a Share Purchase Agreement to acquire all issued and outstanding stock of Maple Investment Holdings 3 Pte. Ltd. and its subsidiaries. The target company provides integrated business process outsourcing services. This represents a significant expansion of Concentrix's service portfolio.
Outlook, Risks, and Contingencies
The transaction is subject to the satisfaction of certain closing conditions. The agreement includes customary representations, warranties, and covenants, including provisions governing the operation of the business between the signing and closing dates. No specific guidance or management commentary regarding future financial performance is included in this filing.
Investor Verification Checklist
- Verify the final closing status of the $420 million acquisition of Maple Investment Holdings 3 Pte. Ltd.
- Review the full text of the press release (Exhibit 99.1) for details on the target business's operations.
- Monitor subsequent filings for the impact of this acquisition on SYNNEX's consolidated balance sheet and cash position.
- Confirm whether the transaction was completed as scheduled or if closing conditions were not met.