- Rambus ( NASDAQ: RMBS ) said Monday it initiated an accelerated share repurchase program with Wells Fargo Bank to buy back ~$100M of its stock, with an initial delivery of ~3.1M shares.
- RMBS will pre-pay the $100M purchase price for its stock to Wells Fargo Bank and RMBS will receive an initial delivery of ~3.1M shares from the bank within the first week of the program.
- The program is expected to be completed in four months.
- The accelerated share repurchase program is part of RMBS' existing broader buyback program.
For further details see:
Rambus announces $100M accelerated share repurchase program