Citrix Systems sets $1 billion ASR, representing over 6% of the outstanding stock
Shares of Citrix Systems Inc. gained 0.4% in premarket trading Friday, after the workspace networking company announced a $1 billion accelerated stock repurchase (ASR) program. That will leave $750 million left in its share repurchase authorization. Based on Thursday's stock closing price of $122.54, $1 billion could buy back about 8.16 million shares, or roughly 6.3% of the shares outstanding. "The ASR demonstrates a commitment to strong capital return for our shareholders and the future of Citrix," said Chief Executive David Henshall. Читать дальше...
