Synopsys starts $1 billion accelerated share repurchase with JPMorgan

Synopsys entered a $1 billion accelerated share repurchase agreement with JPMorgan Chase Bank, the first step of the buyback it outlined at investor day. The bank delivered an initial batch of about 1.735 million shares. The final share count depends on the average daily VWAP during the repurchase period, less a discount, and any remaining settlement is due by January 5, 2027.

• $1 billion accelerated share repurchase with JPMorgan Chase Bank
• Initial delivery of about 1,735,000 shares
• Final share count set by average VWAP over the period, less a discount
• Any remaining settlement due on or before Jan. 5, 2027