Align Technology (ALGN) Announces $270 Million Accelerated Stock Repurchase Agreement
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Align Technology said it entered a new accelerated stock repurchase agreement with Goldman Sachs & Co. LLC to buy back $270 million of its common stock. The Tempe, Arizona-based maker of Invisalign clear aligners and iTero intraoral scanners announced the ASR without disclosing a per-share price or the number of shares involved. The move signals continued capital returns by the medical device company and follows its prior use of ASR structures to retire stock. Investors will watch the pace of share delivery under the agreement and any updates on Align's broader buyback capacity and cash deployment.
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Named in this story
Align Technology (ALGN), Goldman Sachs & Co. LLC, Invisalign, exocad, iTero
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