Connect the Dots: Designing for Reality—Solder Mask and Legend
Target Condition: Advanced Packaging Technologies—Look Before You Leap
Beyond Design: AI-driven Inverse Stackup Optimization
KLA Announces $3 Billion Accelerated Share Repurchase Agreements
June 24, 2022 | PRNewswireEstimated reading time: Less than a minute
KLA Corporation announced that it has entered into accelerated share repurchase agreements (ASRs) with Goldman Sachs & Co. LLC and Citibank N.A. to repurchase $3.0 billion of KLA's common stock. The ASRs were entered into pursuant to KLA's previously announced share repurchase programs, under which approximately $3.233 billion of share repurchase authorization will remain.
Under the ASRs, KLA will make payments in an aggregate amount of $3.0 billion to the Financial Institutions and will receive initial deliveries of approximately 6,549,000 shares of KLA's common stock in the aggregate from the Financial Institutions, with any remaining shares expected to be delivered upon the final settlement under the ASRs, which is scheduled to occur in KLA's second fiscal quarter ending December 31, 2022, subject to earlier termination under certain limited circumstances, as set forth in the ASRs. The final number of shares to be repurchased will be based on the volume-weighted average price of KLA's common stock during the terms of the ASRs less a discount and subject to adjustments pursuant to the terms and conditions of the ASRs.
Share on:
Suggested Items
Jabil Posts Strong First Quarter Results
12/27/2024 | JabilJabil Inc. reports strong Q1 2025 results, exceeding expectations with $7 billion in revenue and $2 EPS.
Biden-Harris Administration Announces CHIPS Incentives Award with Texas Instruments to Expand U.S. Capacity of Current-Generation and Mature-Node Chips
12/23/2024 | U.S. Department of CommerceThe Biden-Harris Administration announced that the U.S. Department of Commerce awarded Texas Instruments (TI) up to $1.61 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities.
Boeing Commits to Expand South Carolina Operations
12/20/2024 | BoeingBoeing announced it plans to expand its operations in Charleston County. The company plans to invest $1 billion in infrastructure upgrades at its existing site and create 500 new jobs over the next five years.
Taiwanese PCB Industry Witnessed Steady Growth of 9.6% in Q3 2024
12/12/2024 | TPCAThe global output value of Taiwanese circuit board enterprises demonstrated steady growth in the third quarter of 2024, reaching NT$227.1 billion, a year-over-year increase of 9.6%.
EIPC Technical Snapshot: Factors Driving the Fluctuating Demand for PCBs
12/11/2024 | Pete Starkey, I-Connect007EIPC continued its series of online Technical Snapshots with a webinar on Nov. 21 presented by Dr. Hayao Nakahara of N.T. Information Ltd, who summarised world PCB production and shared his vision of the market over the next five years. With information gathered from many sources, Nakahara examined factors driving the increasing demand for printed circuit boards.