SNPS Stock Alert: The $35 Billion Reason Synopsys Stock Is Up Today

Synopsys (NASDAQ:SNPS) stock is heading higher on Tuesday following news of a massive deal with Ansys (NASDAQ:ANSS).This deal will see the two companies combine to create a leader in the silicone to systems design solutions space. That will have Synopsys spending $35 billion to acquire Ansys.Synopsys will use a mix of cash and stock to acquire Ansys. The company will pay $197 and .3450 shares of SNPS stock for each share of ANSS stock. This represents a value of $390.19 per share based on closing prices on ...