trending Market Intelligence /marketintelligence/en/news-insights/trending/2Meqpk8E14uRDATplvlFkQ2 content esgSubNav
In This List

Intuitive Surgical completes $2B accelerated share repurchase

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Perspectives from China: Chinese M&A in 2022


Intuitive Surgical completes $2B accelerated share repurchase

Intuitive Surgical Inc. completed its accelerated share repurchase program to buy back $2.0 billion of its common stock.

On Jan. 27, Intuitive made a payment of $2.0 billion to Goldman Sachs & Co. and Goldman delivered to Intuitive an initial delivery of about 2.4 million Intuitive common shares.

Settlement was based on the daily volume-weighted average price per share during the repurchase period, less a discount, and resulted in Intuitive being required either to deliver shares or to make a cash payment to Goldman.

Intuitive made a final settlement payment of $274.0 million to Goldman on Dec. 7. After final settlement, the remaining amount of share repurchases authorized by Intuitive's board was about $717.5 million.