Synopsys to Acquire Ansys for $35 Billion

Ticker: SNPS · Form: 8-K · Filed: 2024-03-20T00:00:00.000Z

Sentiment: mixed

Topics: acquisition, semiconductor, merger

Related Tickers: ANSS

TL;DR

Synopsys is buying Ansys for $35B to dominate chip design.

AI Summary

Synopsys Inc. announced on March 20, 2024, that it has entered into a definitive agreement to acquire certain assets and assume certain liabilities of Ansys, Inc. for approximately $35 billion. This strategic acquisition is expected to significantly expand Synopsys's capabilities in the semiconductor and systems design market.

Why It Matters

This major acquisition could reshape the electronic design automation (EDA) landscape, potentially leading to increased competition and innovation in the semiconductor industry.

Risk Assessment

Risk Level: high — The acquisition of Ansys for $35 billion is a significant financial undertaking with substantial integration risks and potential regulatory hurdles.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

This 8-K filing announces Synopsys, Inc.'s definitive agreement to acquire Ansys, Inc. for approximately $35 billion.

What is the reported date of this event?

The earliest event reported is March 20, 2024.

What is the total value of the transaction between Synopsys and Ansys?

The definitive agreement is for approximately $35 billion.

What is Synopsys, Inc.'s principal executive office address?

Synopsys, Inc.'s principal executive offices are located at 675 Almanor Ave., Sunnyvale, California 94085.

What is the SIC code for Synopsys Inc.?

The Standard Industrial Classification (SIC) code for Synopsys Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.

Filing Stats: 3,177 words · 13 min read · ~11 pages · Grade level 16.9 · Accepted 2024-03-20 16:25:00

Key Financial Figures

Filing Documents

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Investor Day Presentation Slides, dated March 20, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL). Important Information and Where to Find It This communication relates to a proposed transaction between Synopsys and Ansys. In connection with the proposed transaction, Synopsys filed a preliminary registration statement on Form S-4 (File No. 333-277912) with the U.S. Securities and Exchange Commission (the " SEC ") on March 14, 2024, that included a prospectus with respect to the shares of common stock of Synopsys to be issued in the proposed transaction and a proxy statement of Ansys and is referred to as the proxy statement/prospectus. Each party may also file other documents regarding the proposed transaction with the SEC. The registration statement has not yet become effective and the proxy statement /prospectus included therein is in preliminary form. This communication is not a substitute for the proxy statement/prospectus or registration statement or any other document that Synopsys or Ansys may file with the SEC. The definitive proxy statement/prospectus (if and when available) will be mailed to all Ansys stockholders. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Synopsys or Ansys through the website maintained by the SEC at www.sec.gov. The documents filed by Synops

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SYNOPSYS, INC. Dated: March 20, 2024 By: /s/ John F. Runkel, Jr. Name: John F. Runkel, Jr. Title: General Counsel and Corporate Secretary

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