ZipRecruiter (ZIP) Announces $50 Million Accelerated Share Repurchase
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ZipRecruiter Announces $50 Million Accelerated Share Repurchase
March 21, 2022 8:00 AM EDTSANTA MONICA, Calif.--(BUSINESS WIRE)-- ZipRecruiter, Inc. (NYSE: ZIP), a leading online employment marketplace, today announced that it has entered into an accelerated share repurchase agreement (ASR) with Goldman Sachs & Co. LLC to repurchase $50 million of ZipRecruiters common stock.
Under the ASR, ZipRecruiter will make an initial payment of $50 million to Goldman Sachs & Co. LLC and will receive an initial delivery of approximately 1.8 million shares of its common stock by March 23, 2022. The final number of shares to be repurchased will be based on the volume-weighted average price of ZipRecruiters... More
