Align Technology Enters $270 Million Accelerated Stock Buyback Deal With Goldman Sachs
MT Newswires Live
Yesterday
Align Technology (ALGN) said Friday it has entered into a $270 million accelerated stock buyback agreement with investment bank Goldman Sachs (GS) under its $1 billion stock repurchase program.
The agreement fulfills a commitment announced in July and is expected to bring 2026 buybacks to about $500 million, leaving about $330 million available under the program, the company said.
Under the deal, expected to close on or about Dec. 29, Align said it will pay for the buyback with cash on hand, which stood at about $1.15 billion as of Sept. 30.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.