Synopsys (SNPS) to Acquire Simulation Software Maker ANSYS

Synopsys (SNPS) put all speculations to rest on Tuesday by announcing a definitive agreement to acquire the engineering simulation software company ANSYS (ANSS) in a deal valued at $35 billion. The agreement involves a cash and stock transaction, with ANSYS shareholders receiving $197.00 in cash and 0.3450 shares of Synopsys common stock for each ANSYS share.The cash and stock transaction signifies an implied per-share consideration of $390.19, representing a generous 29% premium over ANSYS's closing stock ...