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Align Technology announces $270 million accelerated share repurchase

FROM THE WIRE · BUSINESSWIRE.COM

TEMPE, Ariz.--(BUSINESS WIRE)--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…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe accelerated buyback supports the stock through a sizeable repurchase of own shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Align entered a new ASR agreement with Goldman Sachs.
  2. 02The deal covers repurchasing $270 million of common stock.
  3. 03Align makes Invisalign clear aligners and iTero scanners.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Align Technology, Inc.ALGNStock161.00 USD+1.02%today +1.02%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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