Page 69 - Synopsys News Today

The U.S. stock market resumed its decline on Tuesday following a one-day closure for Martin Luther King Jr. Day. The major indices were all in the red around midday trading in New York as investors continue to monitor corporate earnings season and prospects for future interest rates.

Shares of engineering simulation software provider Ansys (NASDAQ:ANSS) fell 5.4% in the afternoon session after the company announced that it has agreed to be acquired by Synopsys, with Ansys shareholders set to receive $197 in cash and 0.345 shares of Synopsys common stock per Ansys share. This equates to a $390 per share offer price. The resulting enterprise value is approximately $35 billion, making for a large deal in semis.

The Pittsburgh-area software simulation company will be absorbed by Synopsys.

Canonsburg, Pennsylvania-based Ansys is heavily involved in automotive, aerospace and defense, construction, energy, materials and chemical processing.

Shares of technology companies rose slightly as traders continued to chase gains in the sector. Chipmakers Advanced Micro Devices and Nvidia rallied after...

FGS Global and Joele Frank handle the $35B deal in which Synopsys semiconductor design company is acquiring Ansys software simulation systems provider.

San Francisco, Jan 16 (IANS) Chip design and software company Synopsys on Tuesday announced to acquire product design software firm Ansys for $35 billion in a

Judge Blocks JetBlues $3.8 Billion Acquisition of Spirit The judge agreed with the Justice Department that the deal would eliminate a competitor important to price-conscious travelers. ...

(Bloomberg) -- Chip-design company Synopsys Inc. agreed to buy software developer Ansys Inc. for about $34 billion in cash and stock, marking one of the largest deals announced worldwide in the past year. Most Read from BloombergBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapIowa Latest: Haley Unveils New Ad, Looking to New HampshireTrump Scores Easy Win in Iowa With DeSantis a Distant SecondMusk Pressures Tesla’s Board for Another Massive Stock AwardWhat Is Diseas...

Synopsys is buying Ansys in a cash-and-stock deal valued at approximately $35 billion, the first big buyout attempt of the year that would join two big automation and engineering software...