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Synopsys Unveils $250 Million Accelerated Stock Buyback Deal
09:34 AM EST, 12/16/2020 (MT Newswires) -- Synopsys (SNPS) said pre-market Wednesday that it has signed an accelerated share repurchase agreement with Mizuho Markets Americas to buy back $250 million of its shares.
Under the agreement, the software maker said it will get an initial share delivery of 824,000 shares, with the remainder, if any, to be settled by April 9.
How does that compare to other buy back program and how does it places this company among others in the same sector.
Thanks and good Holiday to all.
Stay safe
Synopsys Unveils $250 Million Accelerated Stock Buyback Deal
09:34 AM EST, 12/16/2020 (MT Newswires) -- Synopsys (SNPS) said pre-market Wednesday that it has signed an accelerated share repurchase agreement with Mizuho Markets Americas to buy back $250 million of its shares.
Under the agreement, the software maker said it will get an initial share delivery of 824,000 shares, with the remainder, if any, to be settled by April 9.
How does that compare to other buy back program and how does it places this company among others in the same sector.
Thanks and good Holiday to all.
Stay safe