On March 19, 2024, Synopsys, Inc., a Delaware-incorporated company listed on the Nasdaq Global Select Market under the trading symbol SNPS, announced a significant step in its pending acquisition of Ansys, Inc. The companies have mutually agreed to appoint Dr. Ajei Gopal, the current President and CEO of Ansys, to the board of directors of Synopsys upon the completion of the acquisition. This decision is in line with the terms of the Merger Agreement dated January 15, 2024, and is contingent upon the successful conclusion of Synopsys' director nomination process and Dr. Gopal meeting all applicable eligibility requirements. The appointment is expected to bring Dr. Gopal's extensive experience in technology and senior management to Synopsys' board, aiding in the integration of the...Show More

On March 19, 2024, Synopsys, Inc., a Delaware-incorporated company listed on the Nasdaq Global Select Market under the trading symbol SNPS, announced a significant step in its pending acquisition of Ansys, Inc. The companies have mutually agreed to appoint Dr. Ajei Gopal, the current President and CEO of Ansys, to the board of directors of Synopsys upon the completion of the acquisition. This decision is in line with the terms of the Merger Agreement dated January 15, 2024, and is contingent upon the successful conclusion of Synopsys' director nomination process and Dr. Gopal meeting all applicable eligibility requirements. The appointment is expected to bring Dr. Gopal's extensive experience in technology and senior management to Synopsys' board, aiding in the integration of the two companies post-merger. Additionally, a second member from Ansys' board will be selected to join Synopsys' board at a later date, based on a mutual agreement between the two companies. The announcement is part of a broader communication regarding the proposed transaction, which includes a preliminary registration statement filed with the SEC and a proxy statement/prospectus. Investors and security holders are encouraged to read these documents, as they contain important information about the proposed transaction.