Synopsys initiates $300M accelerated share repurchase agreement
Synopsys (NASDAQ:SNPS) said on Thursday that it is set to repurchase $300M worth of its shares.
The company has entered into an accelerated share repurchase agreement with Wells Fargo Bank.
Per the terms, Synopsys (SNPS) will receive an aggregate initial share delivery of approximately 569,000 shares, with the remainder, if any, to be settled on or before November 22, 2023, upon completion of the repurchases.

The final number of shares to be repurchased will be determined based on the volume-weighted average price of the company's common stock during the terms of the transaction, less a discount.


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