other material
confidence high
sentiment positive
materiality 0.75
GoDaddy executes $750M accelerated share repurchase with Goldman Sachs and Morgan Stanley
GoDaddy Inc.
- Initial payment of $375M each to Goldman Sachs and Morgan Stanley; initial delivery of ~3.27M shares each.
- Final settlement expected Q2 2022; may involve additional share delivery or cash payment.
- Part of $3B multi-year buyback plan announced Feb 10, 2022.
- Since 2018, GoDaddy repurchased ~24M shares for ~$1.53B prior to this ASR.