other material
confidence high
sentiment positive
materiality 0.60
Cadence Design Systems announces $100M accelerated share repurchase agreement
CADENCE DESIGN SYSTEMS INC
- Entered ASR with Royal Bank of Canada to repurchase $100M of common stock.
- Initial delivery of approx 489,000 shares; remainder settled in Q3 2022.
- Final price based on daily VWAP during term less a discount.