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Synopsys | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jan 16 13:00
Summary by Futu AI
Synopsys, Inc. has announced a definitive agreement to acquire Ansys in a transaction valued at approximately $35 billion, based on Synopsys' stock price as of December 21, 2023. The acquisition will combine Synopsys' electronic design automation expertise with Ansys' simulation and analysis capabilities, creating a leader in silicon to systems design solutions. Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each share of Ansys. The deal is expected to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions. The acquisition is anticipated to expand Synopsys' total addressable market to approximately $28 billion, with an expected growth rate of about 11% CAGR. It is also expected to be accretive to Synopsys' non-GAAP EPS within the second full year post-closing and substantially accretive thereafter. The combined company aims to deliver cost and revenue synergies, with approximately $400 million in run-rate cost synergies by year three and $400 million in run-rate revenue synergies by year four post-closing.
Synopsys, Inc. has announced a definitive agreement to acquire Ansys in a transaction valued at approximately $35 billion, based on Synopsys' stock price as of December 21, 2023. The acquisition will combine Synopsys' electronic design automation expertise with Ansys' simulation and analysis capabilities, creating a leader in silicon to systems design solutions. Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each share of Ansys. The deal is expected to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions. The acquisition is anticipated to expand Synopsys' total addressable market to approximately $28 billion, with an expected growth rate of about 11% CAGR. It is also expected to be accretive to Synopsys' non-GAAP EPS within the second full year post-closing and substantially accretive thereafter. The combined company aims to deliver cost and revenue synergies, with approximately $400 million in run-rate cost synergies by year three and $400 million in run-rate revenue synergies by year four post-closing.

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