CHARLOTTE (dpa-AFX) - Synopsys, Inc. (SNPS) Thursday said it has entered into an accelerated share repurchase agreement with Bank of America, N.A. to repurchase an aggregate of $240 million of Synopsys stock.
Under the terms of the agreement, the S&P 500 company will receive an aggregate initial share delivery of approximately 535,000 shares. The company noted that the remainder, if any, will be settled on or before November 18, 2022.
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