American Made Advocacy: New Congress, New Opportunities
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
Defense Speak Interpreted: SWaPing Nanosatellites for Defense Systems
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
Infineon Beats Fiscal Year Start Expectations, Raises Outlook on Currency Effects
02/04/2025 | InfineonInfineon Technologies AG is reporting results for the first quarter of the 2025 fiscal year (period ended 31 December 2024).
Worldwide Semiconductor Revenue Grew 18% in 2024
02/03/2025 | Gartner, Inc.Worldwide semiconductor revenue in 2024 totaled $626 billion, an increase of 18.1% from 2024, according to preliminary results by Gartner, Inc. Revenue is projected to total $705 billion in 2025.
Flex Reports Q3 Fiscal 2025 Results
01/31/2025 | Flex"We achieved a very strong Q3, delivering another quarter of record adjusted operating margin and EPS," said Revathi Advaithi, CEO of Flex. "Our consistent margin expansion is coming from improving mix and efficiency in every business unit across Flex."
Dow Reports Fourth Quarter 2024 Results
01/31/2025 | PRNewswireNet sales were $10.4 billion, down 2% year-over-year, primarily driven by lower prices across all operating segments.
VDMA: German Robotics and Automation in a Downturn
01/28/2025 | VDMAThe robotics and automation industry in Germany has lost competitiveness: for 2025, it is forecasting a drop of minus 9 percent to 13.8 billion euros in total turnover. Last year, the sector closed with a turnover of minus 6 percent at 15.2 billion euros.