Synopsys initiates $300M accelerated share repurchase agreement
Synopsys (NASDAQ:SNPS) has entered into an accelerated share repurchase agreement with Mizuho Markets Americas LLC to repurchase an aggregate of $300M of Synopsys stock.
Under the terms, Synopsys will receive an aggregate initial share delivery of ~645K shares, with the remainder, if any, to be settled on or before August 11, 2023, upon completion of the repurchases.