SYNNEX and Concentrix separation approved
Business process outsourcing (BPO) company SYNNEX Corporation announced that its board of directors has approved the completion of its previously announced separation of SYNNEX and Concentrix.
The separation will occur by means of a distribution to SYNNEX stockholders of 100% of the outstanding shares of Concentrix. In the distribution, SYNNEX stockholders will receive one share of Concentrix common stock for each share of SYNNEX common stock held at close of business on November 17, 2020, the record date for the distribution.
Immediately following the distribution, Concentrix will be an independent, publicly traded company and will be listed on the NASDAQ Stock Market under the ticker “CNXC”. SYNNEX will continue trading on the NYSE under the ticker “SNX”.
Related news
- BPO firm shuts down office as two employees test positive for COVID-19 · 25 Aug
- Thirteen government agencies and organizations now PEZA’s investment partner · 25 Aug
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
