“Our recent $3bn ASR was the first for KLA in 15 years. Matthews South provided expert advice on structuring and documentation at every stage of our ASR planning process. We made informed decisions because their advice was not swayed by conflicts or biases. Equally as important, Matthews South has created a monitoring system that keeps us up to date as this important transaction progresses. We share the daily report within our organization as it has important statistics such as expected completion date, where the stock needs to trade for the ASR to complete early, expected repurchase price and expected counterparty profit. Matthews South’s ASR monitoring is unique and more informational and sophisticated than what we receive from our counterparties.”
Matthews South