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Synopsys to buy Ansys in an expected cash and stock deal valued at $35 billion
ANSSANSYS(ANSS) Market Watch·2024-01-16 13:15

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 35billion.Thestocksofbothcompanieswerehaltedfornews.Undertermsofthedeal,Ansysshareholderswillreceive35 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 ...