other material
confidence high
sentiment positive
materiality 0.55
Intuitive Surgical enters $1B accelerated share repurchase agreement with Citibank
INTUITIVE SURGICAL INC
- Entered $1B ASR with Citibank; initial delivery of ~3.6 million shares.
- Final settlement expected last week of December 2022, may be accelerated.
- Repurchase based on VWAP less discount; potential additional shares or cash at settlement.