Synopsys, Inc. (SNPS, Financial), a leading provider of electronic design automation software, has announced a significant strategic move with the planned acquisition of ANSYS, Inc. This merger, facilitated through Synopsys' wholly owned subsidiary, ALTA Acquisition Corp., is set to position Synopsys as a more formidable player in the technology sector.
The merger agreement, initially disclosed in January 2024, outlines that ALTA Acquisition Corp. will merge with and into ANSYS, with ANSYS continuing as a wholly owned subsidiary of Synopsys. This strategic acquisition is expected to enhance Synopsys' capabilities and market reach, providing a robust platform for future growth and innovation.
The pro forma financial information related to this merger has been prepared for informational purposes, based on certain assumptions and estimates. It is important to note that this information is not indicative of Synopsys' future financial condition or results of operations. The merger is subject to the satisfaction or waiver of specified conditions, and stakeholders are advised to consider the inherent uncertainties involved.
For more detailed information, stakeholders can access documents filed by Synopsys with the SEC, available on the company's investor relations website. This communication is intended for informational purposes and does not constitute an offer to buy or sell securities.
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