RTTNews | Dec 10, 2021 09:09AM EST

09:09 Friday, December 10, 2021 (RTTNews.com) - Synopsys Inc. (SNPS) said that its board has approved a new stock repurchase program to purchase up to $1 billion of common stock.

"This new stock repurchase program with an increased authorization amount of up to $1 billion reinforces our ongoing commitment to generate sustainable, long-term shareholder value," said Trac Pham, chief financial officer of Synopsys.

The program replaces Synopsys' prior stock repurchase program, which was originally approved by Synopsys' Board of Directors in 2002.

Read the original article on RTTNews ( https://www.rttnews.com/3248515/synopsys-to-repurchase-up-to-1-bln-of-common-stock.aspx)

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