Align Technology announced that it has entered into a new accelerated stock repurchase agreement, or ASR, with Citibank, to repurchase $250M of Align’s common stock under Align’s $1B stock repurchase program announced on May 13, 2021. In addition to the ASR, Align announced that Joe Hogan, president and CEO, and John Morici, CFO and executive vice president, global finance intend to personally purchase $1M and $0.2M, respectively, of Align’s common stock.
Published first on TheFly
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