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Synopsys to repurchase $100M in shares

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Synopsys to repurchase $100M in shares

Synopsys Inc. announced a repurchase of its shares worth $100 million.

The exact number of shares will be based on the company's volume-weighted average share price during the repurchase period, adjusted for discount.

The U.S.-based software designer will receive an initial delivery of 678,000 shares as a part of an accelerated share repurchase agreement with Bank of America NA.

The remainder will be settled on or before Aug. 19, upon the completion of the repurchase.