Synopsys Initiates $300 Million Accelerated Share Repurchase Agreement
MOUNTAIN VIEW, Calif., Feb. 23, 2023-- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Bank of America N.A. to repurchase an aggregate of $300 million of Synopsys stock.
Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 718,000 shares, with the remainder, if any, to be settled on or before May 12, 2023, upon completion of the repurchases. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices 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 an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative 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 $100 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $175 Million Accelerated Share Repurchase Agreement
Latest News
- Indian Startup Builds Full-Stack Edge AI Chips Using In-House IP
- AIStorm & Tower Semiconductor Introduce Cheetah HS, World’s First Up-to-260K FPS AI-in-Imager Chip for Inspection, Robotics & Sports
- EnSilica Establishes New EU Mixed-Signal Design Centre in Budapest, Hungary
- M31 Technology: Robust Foundry Demand, Operating Margin Expected to Recover in 2026
- DDR4 and LPDDR4 Supply Tightens Sharply in 2H25 as Structural Shortage Drives Strong Price Surge, Says TrendForce