CIMdata PLM Industry Summary Online Archive
20 February 2008
Financial News
Cadence Design Systems Announces Authorization of $500 Million Stock Repurchase
Cadence Design Systems, Inc. announced that its Board of Directors has approved a stock repurchase program that authorizes Cadence to repurchase its common stock with a value of up to $500 million in the aggregate, effective immediately. This is in addition to the approximately $8.36 million remaining from Cadence's previous stock repurchase authorization.
Share repurchases under this program may be made in the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.
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