Synopsys (SNPS) Replenishes $500M Buyback Authorization
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Synopsys Replenishes Repurchase Authorization to $500 Million
September 1, 2016 4:05 PM EDTMOUNTAIN VIEW, Calif., Sept. 1, 2016 /PRNewswire/ --Â Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has replenished its existing stock repurchase authorization back to $500 million.
"Synopsys is committed to driving sustainable, long-term value for shareholders," said Trac Pham, chief financial officer of Synopsys. "We are pleased to be in a position to extend our share repurchase program with this new authorization, and will continue to balance return of capital to stockholders, debt reduction and strategic investments to grow the business."
Synopsys' Board of Directors originally approved the... More
