Cases & Deals

Goldman Sachs enters into accelerated share repurchase agreement with Victoria's Secret

Client(s) Goldman Sachs & Co. LLC

Jones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Victoria's Secret & Co. (Victoria's Secret). Victoria's Secret purchased $250 million of its own shares through the transaction, with the number of shares based on discounted volume-weighted average price during the term of the ASR.