Synopsys enters $1 billion accelerated share repurchase agreement
1 report, 1 independent
Updated Oct 1
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What happened
Synopsys announced an accelerated share repurchase agreement with JPMorgan Chase Bank. Under the terms, Synopsys will repurchase an aggregate of $1 billion worth of Synopsys stock. The company will initially deliver approximately 1,735,000 shares, with any remaining shares to be settled by January 5, 2027.
From design-reuse.com
Why it matters
The agreement allows Synopsys to reduce its outstanding share count by $1 billion. This capital return program signals confidence in Synopsys's current valuation.
From design-reuse.com
Who's involved
- SynopsysEntered into an accelerated share repurchase agreement