Intuitive Surgical in $1B accelerated share repurchase agreement with Citibank
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Intuitive Surgical (NASDAQ:ISRG) has inked a $1B share repurchase agreement with Citibank.
Intuitive (ISRG)Â  will make an initial payment of $1B to Citi and receive an initial delivery of ~3.6M shares.
Final settlement of the agreement is expected to occur around the last week of December.
See why Seeking Alpha contributor Mike ZaccardiÂ calls Intuitive (ISRG) a buy.