Synopsys Initiates $100 Million Accelerated Share Repurchase Agreement
MOUNTAIN VIEW, Calif., Dec. 19, 2019 -- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with HSBC Bank USA, National Association 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 579K shares, with the remainder, if any, to be settled on or before February 27, 2020, upon completion of the repurchases. 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.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.
Related Semiconductor IP
- Flexible Pixel Processor Video IP
- Bluetooth Low Energy 6.0 Digital IP
- Verification IP for Ultra Ethernet (UEC)
- MIPI SWI3S Manager Core IP
- Ultra-low power high dynamic range image sensor
Related News
- Synopsys Initiates $300 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $300 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $300 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $100 Million Accelerated Share Repurchase Agreement
Latest News
- QuickLogic Appoints Ron Shelton to Board of Directors
- Cadence Accelerates Development of Billion-Gate AI Designs with Innovative Power Analysis Technology Built on NVIDIA
- OIF at ECOC 2025: Eliminating Barriers and Accelerating Innovation Through Industry-Wide Interoperability
- Orthogone Technologies unveils major upgrade to its ULL FPGA Framework to push hardware performance and latency optimization to new heights
- QuickLogic Reports Fiscal Second Quarter 2025 Financial Results