Synopsys to buy engineering software firm Ansys in $35 billion deal

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Go back to Synopsys to buy engineering software firm Ansys in $35 billion deal

Synopsys (SNPS) agrees on $35bn deal to acquire ANSYS (ANSS)

January 16, 2024 8:39 AM EST

ANSYS (NASDAQ: ANSS) shares fell premarket Tuesday after it was announced that the company has to be acquired by Synopsys (NASDAQ: SNPS) for approximately $35 billion in cash and stock.

Under the terms of the agreement, Ansys shareholders will receive $197 in cash and 0.3450 shares of Synopsys for each Ansys share they own, representing an enterprise value of around $35 billion based on the closing price of Synopsys on December 21, 2023.

The implied... More

Synopsys (SNPS), ANSYS (ANSS) Halted, News Pending

January 16, 2024 7:27 AM EST

Synopsys (NASDAQ: SNPS), ANSYS (NASDAQ: ANSS) Halted, News Pending

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