other
confidence high
sentiment neutral
materiality 0.60
NetScout enters $150M accelerated share repurchase with Mizuho and Wells Fargo
NETSCOUT SYSTEMS INC
- ASR agreements with Mizuho ($75M) and Wells Fargo ($75M) to repurchase $150M of common stock.
- Initial delivery of ~3.26M shares (70% of expected total); final share count based on VWAP during term.
- Repurchases under existing 25M share buyback program; final settlement expected by end of fiscal Q3 2023.
- Each dealer receives $75M prepayment on May 10, 2022; deliveries occur on Initial Share Delivery Date.