BuybackMar 29, 2026, 07:55 PM
Salesforce Announces $25 Billion Accelerated Share Repurchase Program
AI Summary
Salesforce entered into accelerated share repurchase agreements (ASR Agreements) with multiple financial institutions to repurchase $25 billion of its common stock. This repurchase is part of a larger $50 billion share repurchase program authorized by the board, signaling confidence in the company's financial position and potentially increasing shareholder value.
Key Highlights
- Salesforce will repurchase $25 billion of its common stock through ASR Agreements.
- Initial delivery of approximately 80% of the shares is expected on March 16, 2026.
- The total share repurchase program is authorized for $50 billion.