Synopsys enters into $100m ASR
In order to repurchase an aggregate of $100m of Synopsys stock, Synopsys has entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association. The agreement is in addition to Synopsys' two previous $100m ASRs in 2017 that were settled on 17th May 2017 and 16th February 2017.
Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 1.09 million shares, with the remainder, if any, to be settled on or before 15th August 2017, upon completion of the repurchase.
The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on Synopsys' volume-weighted average share price during the repurchase period, less a discount.
Featured products
MAX17793
Analog Devices Inc.
3V to 80V, 3A, High-Efficiency, Synchronous Step-Down DC-DC Converter
| SKU: | MAX17793 |
|---|---|
| Stock: | 9316 |
| Cost: | $3.64 |
MAX22516
Analog Devices Inc.
IO-Link Data Link Controller with Transceiver and Integrated DC-DC
| SKU: | MAX22516 |
|---|---|
| Stock: | 8000 |
| Cost: | $5.42 |
