Synopsys initiates $240M stock buyback with Bank of America
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Synopsys (NASDAQ:SNPS) on Thursday has signed an accelerated share repurchase deal with Bank of America, National Association to buyback total of $240M worth shares.
Under the terms, Synopsys will receive an aggregate initial share delivery of ~535,000 of its shares, with the remainder, if any, to be settled by Nov. 18, 2022, upon completion of buyback.

Earlier:
Synopsys Non-GAAP EPS of $2.10 beats by $0.11, revenue of $1.25B, guidance above estimates