Synopsys enters $300M accelerated share repurchase agreement
Synopsys (NASDAQ:SNPS) has entered into an accelerated share repurchase agreement with Bank of America N.A. to buyback $300M of its stock.
Pursuant to the agreement, the company will receive ~718,000 shares initially, with the remainder, if any, to be settled on or before May 12, 2023, upon completion of the repurchases.