Synopsis Sets $250 Million Accelerated Stock Buyback
By Colin Kellaher
Synopsys has signed a $250 million accelerated share-repurchase agreement with Bank of Nova Scotia.
Synopsys on Monday said it expects an initial delivery of about 513,000 shares, with final settlement by June 1.
The Sunnyvale, Calif., provider of electronic design automation software and semiconductor intellectual property products, which had about 191.6 million shares outstanding as of Feb. 23, sports a market capitalization topping $79.3 billion.
Synopsys last month said its board approved a replenishment of the company's stock-buyback program with an authorization to repurchase up to $2 billion in stock.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 02, 2026 09:57 ET (14:57 GMT)
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