The announcement of a secondary public offering typically suggests potential dilution for current shareholders, which can lead to a negative short-term impact on the stock price. However, the concurrent share repurchase by TD SYNNEX could mitigate this effect by reducing the number of shares outstanding, which may help maintain the stock price. The repurchase also often signals to the market that the company believes its stock is undervalued, which can have a positive impact. Without specific details on the size and timing of the repurchase, the net effect on the stock price is uncertain, leading to a neutral score.