other material
confidence high
sentiment positive
materiality 0.60
ResMed enters $450M accelerated share repurchase with Citibank
RESMED INC
- ASR agreement with Citibank to repurchase $450M of common stock, funded by MatrixCare sale proceeds and cash.
- Payment of $450M on Sept 3, 2026; initial delivery of 80% of $450M / Sept 2 closing price.
- Final settlement expected December 2026 based on volume-weighted average price, with potential adjustments.
- Repurchase under existing 20M share authorization from Feb 2014; contemplated in FY27 guidance.