Synopsys To Buy Back Up To $500 Million In Stock
Stock quotes in this article:
SNPS
MOUNTAIN VIEW, Calif. (AP) — Synopsys Inc., which makes software to develop and test chips, on Wednesday said its board replenished its stock repurchase authorization, allowing the company to buy back up to $500 million in common stock.
The company may buy stock with available capital at any time. Under last repurchase authorization, also set at $500 million, Synopsis bought back $290.3 million worth of common shares through April 30, according to its most recent filing with the Securities and Exchange Commission. Synopsis shares gained 40 cents to $22.45 in aftermarket electronic trading, after closing the regular session up 31 cents at $22.05.- Loading Comments...
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