Synopsys initiates $200M buyback
Synopsys (NASDAQ:SNPS) has entered an accelerated share repurchase agreement with Wells Fargo Bank, National Association to buy back an aggregate of $200M of its stock.
Under the agreement, Synopsys will get ~520,000 shares as an initial delivery, with the remainder, if any, to be received on or before May 13. The specific number of shares will be based on the average of daily volume-weighted average share prices during the repurchase period, less a discount.