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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
Ansys, Inc. has announced a strategic transaction to combine with Synopsys, Inc., a global leader in electronic design automation (EDA) and semiconductor IP. The transaction aims to create a leader in silicon to systems design solutions by uniting Ansys' simulation and analysis solutions with Synopsys' EDA solutions. This move is expected to meet the evolving needs of engineers and provide comprehensive product portfolios. The combination builds on the successful strategic partnership between the two companies that began in 2017. Ansys employees are assured that until the transaction's expected completion in the first half of 2025, it will be business as usual, with no immediate changes to day-to-day roles, compensation, benefits, or corporate programs. Synopsys values Ansys' talent and is...Show More
Ansys, Inc. has announced a strategic transaction to combine with Synopsys, Inc., a global leader in electronic design automation (EDA) and semiconductor IP. The transaction aims to create a leader in silicon to systems design solutions by uniting Ansys' simulation and analysis solutions with Synopsys' EDA solutions. This move is expected to meet the evolving needs of engineers and provide comprehensive product portfolios. The combination builds on the successful strategic partnership between the two companies that began in 2017. Ansys employees are assured that until the transaction's expected completion in the first half of 2025, it will be business as usual, with no immediate changes to day-to-day roles, compensation, benefits, or corporate programs. Synopsys values Ansys' talent and is committed to growth, indicating potential opportunities for Ansys employees within the larger combined company. The integration planning process will involve senior leaders from both companies, focusing on how to best merge the organizations. Sassine Ghazi, President and CEO of Synopsys, will lead the combined company. The transaction is subject to customary closing conditions, including regulatory and shareholder approvals.

This announcement is a separate document:

Doc 1

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