SEC Filing Summary: SYNNEX CORPORATION (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SYNNEX Corporation on November 22, 2004, regarding events occurring on November 19, 2004. The filing concerns the completion of an acquisition transaction involving the Company's subsidiary, EMJ Data Systems Ltd. ("EMJ"), a publicly traded entity on the Toronto Stock Exchange.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The only specific financial figure disclosed relates to the acquisition transaction:
- Acquisition Price: $6.60 (CDN) per common share in cash for remaining EMJ shareholders.
Material Changes
Shareholders of EMJ approved an amalgamation transaction at a meeting held on November 17, 2004. This transaction involves the merger of EMJ with SYNNEX Canada Acquisition Limited, a wholly-owned subsidiary of SYNNEX Canada Limited. This follows a prior acquisition event on September 18, 2004, where SYNNEX Canada Acquisition Limited acquired a portion of EMJ shares. The current filing confirms the cash payout for shares not previously acquired.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, or specific risk factors beyond the execution of the approved amalgamation. The document serves primarily to disclose the regulatory approval and terms of the finalization of the EMJ acquisition.
Investor Verification Checklist
- Verify the final closing date of the EMJ amalgamation transaction.
- Confirm the total number of EMJ shares remaining to be purchased at the $6.60 (CDN) price.
- Review the press release (Exhibit 99.1) for details on the integration of EMJ into SYNNEX Canada Limited.
- Check subsequent filings for the impact of this acquisition on SYNNEX Corporation's consolidated financial statements.