Synopsys agrees with Wells Fargo Bank over $200M stocks repurchase
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Software company Synopsys (NASDAQ:SNPS) entered into an accelerated share repurchase agreement with Wells Fargo Bank over the repurchase of an aggregate of $200M stocks.
Synopsys is set to receive an aggregate initial share delivery of ~523K shares, with the remainder, if any, to be settled on or before Aug. 15, upon completion of the repurchases.
The specific number of shares ultimately repurchased will depend on the average of Synopsys' daily volume-weighted average share prices.
Shares were tradingÂ +1.91%Â pre-market.
Source: Press Release