Business process outsourcing firm Concentrix announced the completion of its separation from SYNNEX Corporation. The newly-independent company is now listed on NASDAQ stock market as a publicly traded company under the ticker symbol “CNXC”.
Under the terms of the separation, stockholders who held SYNNEX common stock at the close of business on November 17, 2020 received a distribution of one Concentrix common share for every share of SYNNEX common stock held. No fractional shares of Concentrix were distributed.
In a statement, Concentrix CEO and President Chris Caldwell said, “As a leading global provider of CX solutions and technology, we are truly excited to celebrate our listing day and start this next exciting chapter.
Operating as an independent company will allow us to accelerate innovations and make additional investments that drive higher value for our clients, their customers, and our shareholders.”