Financing ·
Synopsys initiates $1 billion accelerated share repurchase agreement with JPMorgan
SNPSSynopsys Inc
Synopsys entered into an accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank to buy back up to $1 billion of its common stock. The company will receive an initial delivery of approximately 1,735,000 shares immediately, with the final number of shares determined by the average daily volume-weighted price during the repurchase period and settled on or before January 5, 2027. Synopsys is a leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products through industry-leading silicon design, IP, simulation, and analysis tools.