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Ansys | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jan 16 00:00
Summary by Moomoo AI
On January 16, 2024, Synopsys announced the acquisition of Ansys for approximately $35 billion, a strategic move to create a leader in silicon to systems design solutions. This acquisition combines Synopsys' expertise in semiconductor electronic design automation (EDA) with Ansys' extensive simulation and analysis portfolio, aiming to deliver a comprehensive and integrated approach to innovation across various industries. The transaction is expected to provide significant financial benefits, including industry-leading double-digit growth and an increase in Synopsys' total addressable market (TAM) to about $28 billion, growing at an 11% CAGR. The deal is structured so that Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, implying a total consideration per share of $390.19, which is a 29% premium over...Show More
On January 16, 2024, Synopsys announced the acquisition of Ansys for approximately $35 billion, a strategic move to create a leader in silicon to systems design solutions. This acquisition combines Synopsys' expertise in semiconductor electronic design automation (EDA) with Ansys' extensive simulation and analysis portfolio, aiming to deliver a comprehensive and integrated approach to innovation across various industries. The transaction is expected to provide significant financial benefits, including industry-leading double-digit growth and an increase in Synopsys' total addressable market (TAM) to about $28 billion, growing at an 11% CAGR. The deal is structured so that Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, implying a total consideration per share of $390.19, which is a 29% premium over Ansys' closing stock price on December 21, 2023. The transaction is anticipated to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions. Synopsys plans to fund the cash portion of the acquisition through a combination of cash on hand and $16 billion of fully committed debt financing, with an expectation to rapidly de-lever post-closing.

This announcement is a separate document:

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