Ansys Stockholders Approve Transaction With Synopsys; Under The Terms Of The Merger Agreement, Ansys Stockholders Will Receive $197/Share In Cash And 0.3450 Shares Of Synopsys Common Stock For Each Ansys Share They Own, Valued At ~$35 Billion
Portfolio Pulse from Benzinga Newsdesk
Ansys stockholders have approved the acquisition by Synopsys. Under the merger agreement, Ansys stockholders will receive $197 per share in cash and 0.3450 shares of Synopsys common stock for each Ansys share, valuing the deal at approximately $35 billion.
May 22, 2024 | 8:32 pm
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Ansys stockholders have approved the acquisition by Synopsys, which will provide $197 per share in cash and 0.3450 shares of Synopsys common stock for each Ansys share. This approval is a significant step towards the completion of the $35 billion deal.
The approval of the acquisition by Ansys stockholders is a key milestone towards the completion of the deal. The terms of the merger are favorable for Ansys shareholders, providing a significant cash component and shares in Synopsys, which could lead to a positive short-term impact on Ansys stock price.
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POSITIVE IMPACT
Synopsys is set to acquire Ansys in a deal valued at approximately $35 billion. Ansys stockholders will receive $197 per share in cash and 0.3450 shares of Synopsys common stock for each Ansys share. This acquisition represents a significant expansion for Synopsys.
The acquisition of Ansys by Synopsys is a major strategic move, expanding Synopsys' capabilities and market reach. The market is likely to view this acquisition positively, leading to a potential short-term increase in Synopsys stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100