Synopsys (SNPS) Announced $100M Accelerated Buyback

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Go back to Synopsys (SNPS) Announced $100M Accelerated Buyback

Synopsys Initiates $100 Million Accelerated Share Repurchase Agreement

August 29, 2019 9:00 AM EDT

MOUNTAIN VIEW, Calif., Aug. 29, 2019 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Wells Fargo Bank, NA to repurchase an aggregate of $100 million of Synopsys stock.

Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 585K shares, with the remainder, if any,... More