Nutanix (NTNX) announced that it has entered into an accelerated share repurchase, ASR, agreement with Bank of America, N.A. (BAC) to repurchase $300 million of Nutanix common stock. The ASR will be completed under Nutanix’s existing share repurchase authorization. Nutanix intends to fund the ASR with existing cash on hand. Upon completion of the ASR, and excluding any future additional repurchases, Nutanix expects to have repurchased approximately $382.5 million of its common stock since the beginning of fiscal year 2026.
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