Synopsys Announces $250 Million Accelerated Share Repurchase with 513,000 Initial Shares
Synopsys has entered a $250 million accelerated share repurchase agreement with The Bank of Nova Scotia, receiving an initial 513,000 shares and settling the remainder by June 1, 2026. Final share count will be based on the average daily VWAP during the repurchase period less a negotiated discount.
1. Agreement Overview
Synopsys has entered into a $250 million accelerated share repurchase agreement with The Bank of Nova Scotia to buy back company stock over a defined period.
2. Initial Share Delivery
Under the ASR terms, Synopsys received an initial delivery of approximately 513,000 shares and will settle any remaining shares on or before June 1, 2026.
3. Pricing Mechanism
The final number of shares repurchased will be determined by the average daily volume-weighted average price of Synopsys stock during the repurchase window, less a negotiated discount.
4. Strategic Impact
This repurchase program signals a commitment to return capital to shareholders and is expected to reduce share count, potentially boosting earnings per share over the repurchase period.