Align Technology Announces $200 Million Accelerated Stock Repurchase Program
Align Technology, Inc. (ALGN)
Last align technology, inc. earnings: 4/29 04:00 pm
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US:NASDAQ Investor Relations:
investor.aligntech.com/investor-relations
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Source: GlobeNewswire
TEMPE, Ariz., May 02, 2022 (GLOBE NEWSWIRE) -- Align Technology, Inc. (“Align”) (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocad CAD/CAM software for digital orthodontics and restorative dentistry, today announced that it has entered into a new accelerated stock repurchase agreement ("ASR") with Citibank, N.A., to repurchase $200 million of Align's common stock under Align’s $1.0 billion stock repurchase program announced on May 13, 2021. Under the terms of the ASR, Align will receive an initial delivery of approximately 552,000 shares. The final number of shares to be repurchased will be based on Align's volume-weighted average stock price during the term of the ASR, less an agreed upon discount. The ASR transaction is expected to be completed approximately July 26, 2022 and will be funded with Align’s cash on hand. As of December 31, 2021, Align had appro
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News
- Align Technology, Inc. (NASDAQ: ALGN) had its price target raised by analysts at Stifel Nicolaus from $350.00 to $400.00. They now have a "buy" rating on the stock.MarketBeat
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- Orthodontic and Orthopedic Market Experiencing Remarkable Growth with a CAGR of 9.2% from 2023 to 2028 [Yahoo! Finance]Yahoo! Finance
- Align Technology (ALGN) to Post Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- Align Technology, Inc. (NASDAQ: ALGN) had its price target raised by analysts at UBS Group AG from $280.00 to $320.00. They now have a "neutral" rating on the stock.MarketBeat
ALGN
Earnings
- 1/31/24 - Beat
ALGN
Sec Filings
- 4/16/24 - Form DEFR14A
- 4/9/24 - Form ARS
- 4/9/24 - Form DEF
- ALGN's page on the SEC website