other material
confidence high
sentiment neutral
materiality 0.60
Amgen enters $6B accelerated share repurchase agreements; initial delivery of ~23.3M shares
AMGEN INC
- Entered ASR agreements with Bank of America, Morgan Stanley, and Goldman Sachs to repurchase up to $6B of common stock.
- Initial delivery of approximately 23,258,997 shares expected on February 25, 2022.
- Final settlement based on volume-weighted average price; scheduled for Q3 2022.
- Funded with existing cash resources.