Ansys (ANSS) and Synopsys (SNPS) have officially announced their entry into a definitive agreement, paving the way for Synopsys to acquire Ansys. The terms of the agreement outline that Ansys shareholders will receive $197 in cash along with 0.3450 shares of Synopsys common stock for each Ansys share.This deal, valued at approximately $35 billion, reflects an implied per-share consideration of $390.19 and represents a premium of about 29% over Ansys' closing stock price on Dec 21, 2023. Ansys shareholders a ...

Key TakeawaysChip design software maker Synopsys Inc. on Tuesday announced a cash-and-stock deal to acquire simulation software company Ansys Inc. that's valued at $35 billion.The deal brings together Synopsys' semiconductor electronic design automation (EDA) with longtime partner Ansys' simulation technology.Synopsys said it plans to fund the bulk of the $19 billion cash portion of the deal with a debt offering.Synopsys stock rose about 1.5% in intraday trading Tuesday after the announcement.Synopsys Inc. ...

Key TakeawaysU.S. equities kicked off the shortened trading week lower at midday on Tuesday, Jan. 16, 2024 as bond yields rose.Boeing shares sank after saying it would add additional quality inspections of its 737 Max jet and a downgrade from Wells Fargo.Shares of semiconductor design and software firm Synopsys gained after announcing its purchase of engineering software and services company Ansys for $35 billion.U.S. equities started the shortened trading week lower at midday as the yield on the 10-year Tr ...

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Synopsys, the largest provider of electronic design automation software, agreed to buy Ansys for $35 billion in cash and stock in the biggest technology deal of 2024 so far. ...

Semiconductor design and software firm Synopsys on Tuesday announced it would acquire Ansys, a engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion.Synopsys will pay consideration of roughly $390 per share: $197 per-share in cash and roughly one-third of a Synopsys share for each Ansys share. The deal is expected to close in the first half of 2025, pending regulatory and shareholder approval.Ansys shareholders will own 16.5% of Synopsys following the mer ...

Synopsys Inc. SNPS, -0.81% announced Tuesday a deal to buy design-software company Ansys Inc. ANSS, -3.16% in a cash and stock deal valued at $35 billion. The stocks of both companies were halted for news. Under terms of the deal, Ansys shareholders will receive $197.00 in cash and 0.3450 Synopsys shares for each Ansys share they own. Based on Friday’s closing prices, that values Ansys shares at $367.57 each, a 6.1% premium, or a 21.2% premium to the closing price on Dec. 21, before The Wall Street Journal ...

Ansys (ANSS) has unveiled its latest artificial intelligence (AI)-driven software, Ansys SimAI, that blends the precision of Ansys simulation with the rapidity of generative AI. Ansys SimAI is a “physics-agnostic”, software-as-a-service application that caters to the pressing need for swift yet accurate engineering tools.The Ansys SimAI solution operates at remarkable speeds that significantly expedite research and shorten product development cycles. Ansys SimAI boasts an intuitive interface that is intenti ...

Ansys (ANSS) is reportedly in advanced talks to be acquired by Synopsys (SNPS) for about $35 billion, per a report from Bloomberg. Citing sources familiar with the matter, Bloomberg added that the deal could be announced in early 2024 if talks do not fall apart.Initially, Ansys had received a takeover bid from Synopsys in December 2023. Synopsys is reportedly paying about $400 a share for Ansys, added the report. There is no official comment on the matter from either of the companies.The deal will give rise ...

Ansys (ANSS) announced that its DME and multiphysics simulation solutions will be used by Astrobotic's Peregrine lunar lander to make the first CLPS (Commercial Lunar Payload Services) missions to the Moon.The Peregrine aims to transport 20 payloads from seven countries that will aid NASA in exploring the lunar surface for future human missions under the Artemis program. The launch is scheduled for early January and is expected to land by late February.The spacecraft will have to navigate a challenging cisl ...