Ciena enters $250M accelerated share repurchase agreement with Goldman Sachs

CIENA CORP

Initial delivery of ~2.7 million shares (80% of expected repurchase, based on $74.12 close on Dec 13).
Repurchase is part of the previously announced $1.0 billion share buyback program.
Final settlement expected in fiscal quarter ending April 30, 2022; funded from cash on hand.
ASR mechanism uses daily VWAP less discount, with potential adjustments.

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