Synopsys initiates $1B accelerated share repurchase agreement
Synopsys (SNPS) announced on Monday that it has entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association, to repurchase an aggregate of $1 billion of Synopsys stock.
Under the terms of the agreement, Synopsys will receive an aggregate initial share delivery of approximately 1,735,000 shares, with the remainder, if any, to be settled on or before January 5, 2027, upon completion of the repurchases.
Shares of SNPS gained more than 1% pre-market.
Source: press release
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