WASHINGTON (dpa-AFX) - Align Technology, Inc. (ALGN) has entered into a new accelerated stock repurchase agreement with Goldman Sachs & Co. LLC, to repurchase $200 million of Align's common stock under $1.0 billion stock repurchase program announced on May 13, 2021. Joe Hogan, CEO, plans to personally purchase $2.0 million of common stock, the company said.
The ASR transaction is expected to be completed by approximately February 1, 2023. After the current ASR, there will be approximately $250 million remaining available under the program.
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