SYNOPSYS TO ACQUIRE ANSYS IN A $35 BILLION TRANSACTION

16 January 2024

On January 16th, 2024 Synopsys (NASDAQ: SNPS) and Ansys (NASDAQ: ANSS) announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys.

Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 2023.

Synopsys intends to fund the approximately $19 billion of cash consideration through a combination of its cash on hand and debt financing. Synopsys has obtained $16 billion of fully committed debt financing.

The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals and other customary closing conditions.

Synopsys to Acquire Ansys, Creating a Leader in Silicon to Systems Design Solutions


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