Twitter (TWTR) Announces $2 Billion Accelerated Share Repurchase Agreements

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Go back to Twitter (TWTR) Announces $2 Billion Accelerated Share Repurchase Agreements

Twitter, Inc. Announces $2 Billion Accelerated Share Repurchase Agreements

February 11, 2022 8:00 AM EST

SAN FRANCISCO, Feb. 11, 2022 /PRNewswire/ -- Twitter, Inc. ("Twitter" or the "Company") (NYSE: TWTR) today announced it has entered into accelerated share repurchase agreements (ASRs) with Morgan Stanley & Co. LLC and Wells Fargo Bank, National Association (collectively, the "Dealers") to repurchase $2 billion of the Company's common stock.  The ASRs were entered into pursuant to Twitter's recently announced share repurchase program, under which approximately $2 billion of share repurchase authorization will remain available upon completion of the ASRs.

Under the ASRs, Twitter will pre-pay the $2 billion purchase price to the Dealers and... More