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Initial delivery to Qualcomm is approximately 178 million shares in the aggregate.
September 17, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Qualcomm Incorporated announced that it has entered into accelerated share repurchase agreements (ASR Agreements) with each of Bank of America, N.A., Citibank, N.A. and Morgan Stanley & Co. LLC to repurchase an aggregate of $16 billion of Qualcomm’s common stock, with an initial delivery to Qualcomm of approximately 178 million shares in the aggregate. The final number of shares to be repurchased will be based on the volume-weighted average price of Qualcomm’s common stock during the ter...
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