Synopsys Sets $500M Buyback Plan - Eric Savitz (Barron's)

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Synopsys Sets $500M Buyback Plan
Sep 09, 2009 10:14 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
SNPS	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Synopsys (SNPS) this afternoon said its board approved a new $500 million stock repurchase plan. Purchases may begin immediately, and will be funded from available working capital.

SNPS, which sells chip design software, has a market cap of $3.2 billion.

In late trading, SNPS is up 30 cents, or 1.4%, to $22.35.

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