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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 17 00:00
Summary by Moomoo AI
On January 16, 2024, Synopsys, Inc. and Ansys, Inc. conducted a live video webcast to discuss Synopsys' plan to acquire Ansys. The acquisition aims to create a leader in silicon to systems design solutions, addressing the increasing complexity of system design. The transaction is expected to expand Synopsys' total addressable market (TAM) by 1.5 times to approximately $28 billion and significantly enhance shareholder value. Synopsys' 2023 revenue grew by 15% year over year, reaching nearly $6 billion, with a non-GAAP operating margin of 35%. The acquisition builds on a seven-year strategic partnership between the two companies, which has seen strong customer momentum. The combined company is expected to drive industry-leading double-digit revenue growth, with identified cost synergies of $400 million and revenue synergies of $400 million...Show More
On January 16, 2024, Synopsys, Inc. and Ansys, Inc. conducted a live video webcast to discuss Synopsys' plan to acquire Ansys. The acquisition aims to create a leader in silicon to systems design solutions, addressing the increasing complexity of system design. The transaction is expected to expand Synopsys' total addressable market (TAM) by 1.5 times to approximately $28 billion and significantly enhance shareholder value. Synopsys' 2023 revenue grew by 15% year over year, reaching nearly $6 billion, with a non-GAAP operating margin of 35%. The acquisition builds on a seven-year strategic partnership between the two companies, which has seen strong customer momentum. The combined company is expected to drive industry-leading double-digit revenue growth, with identified cost synergies of $400 million and revenue synergies of $400 million by year four, growing to over $1 billion annually in the long term. The transaction is structured with Synopsys acquiring Ansys for $197.00 in cash and 0.345 shares of Synopsys common stock per share of Ansys, with Ansys shareholders owning approximately 16.5% of the combined business post-transaction. The deal, valued at $19 billion, will be funded through cash, debt, and $16 billion of fully committed financing. The expected close is in the first half of 2025, subject to regulatory approvals and other customary closing conditions.

This announcement is a separate document:

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