Aspen Technology, Inc. Buyback
OLI recorded this information on 8/30/2016
Company:
Aspen Technology, Inc.
Buyback:
AZPN buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Aspen Technology, Inc. (NASDAQ:AZPN), a leading provider of software and services to the process industries, today announced that it has entered into an accelerated share repurchase ("ASR") agreement with J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association, London Branch ("JPMorgan") to repurchase $100 million of AspenTech common stock.
Aspen Technology is an industrial software company. Co.'s segments are: OSI Inc., which provides operational technology solutions that enable utilities to control generation, transmission, and distribution of power and ensure supply equals demand in the power grid; Subsurface Science and Engineering Solutions, which provides geological simulation software that characterizes subsurface geological formations from seismic interpretation to simulation, connecting reservoirs to operational activities to support production and utilization; and Heritage AspenTech, which is engaged in asset optimization software that support asset design, operations and maintenance in industrial environments.
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Buy (2.86 out of 4) 20th percentile
(ranked lower than approx. 80% of all stocks covered)
Analysts' Target Price: AZPN Stock Forecast Based on Zacks ABR data; powered by Xignite |