other material
confidence high
sentiment neutral
materiality 0.60
Kulicke & Soffa enters $150M accelerated share repurchase agreement
KULICKE & SOFFA INDUSTRIES INC
- Entered $150M ASR for its common stock; initial delivery of 2,449,980 shares on March 10, 2022.
- Final share count based on VWAP less discount; settlement expected by end of Q3 fiscal 2022.
- Approximately $340M remains under $800M repurchase authorization after ASR completion.
- During Q2 fiscal 2022 through March 2, K&S repurchased $24.4M (459.7K shares).