Guidewire Software (GWRE) Announces $200M Accelerated Buyback

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Guidewire Announces $200 Million Accelerated Share Repurchase Program

September 28, 2022 8:25 PM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) today announced that as part of its previously announced $400 million share repurchase authorization, the company has entered into an accelerated share repurchase agreement (ASR) with Morgan Stanley & Co. LLC to repurchase an aggregate of $200 million of Guidewires outstanding shares of common stock.

Under the terms of the ASR, Guidewire will receive an aggregate initial share delivery of 2,581,478 shares, with the remainder, if any, expected to be delivered upon the final settlement under the ASR, which is scheduled to... More