Synopsys Responds to the UK Competition and Markets Authority Provisionally Accepting its Proposed Remedies in Phase 1 Regarding its Proposed Acquisition of Ansys

Acquisition and Regulatory Update - The UK Competition and Markets Authority (CMA) has provisionally accepted Synopsys' proposed remedies in Phase 1 regarding its acquisition of Ansys, avoiding a referral to Phase 2 [1] - Synopsys expects the transaction to close in the first half of 2025 [1] - Customers have expressed overwhelming support for the transaction, which aims to address the increasing need for integrated EDA and Simulation & Analysis (S&A) software solutions [1] Company Overview - Synopsys provides comprehensive silicon-to-systems design solutions, including electronic design automation (EDA), silicon IP, and system verification and validation [2] - The company partners with semiconductor and systems customers across various industries to enhance R&D capabilities and productivity [2] Forward-Looking Statements - The press release contains forward-looking statements regarding the proposed transaction, including anticipated timing and regulatory approvals [3] - These statements are subject to risks and uncertainties, including potential delays in closing the transaction and unforeseen liabilities [4][5] - The combined company may face challenges in integrating operations, managing debt, and realizing expected benefits from the transaction [5]