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

SEC ·  Jan 15 21:00

Summary by Moomoo AI

On January 16, 2024, Synopsys, Inc. announced its acquisition of Ansys for approximately $35 billion, aiming 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. The strategic move is expected to advance Synopsys' Silicon to Systems strategy, which has been part of a seven-year strategic partnership with Ansys. The transaction is anticipated to deliver significant financial benefits, including industry-leading, double-digit growth and an increase in Synopsys' total addressable market (TAM) to approximately $28 billion. The combined company also expects to see an expansion in Non-GAAP Operating Margin and Unlevered Free Cash Flow margins in the first full year post-closing. Synopsys...Show More
On January 16, 2024, Synopsys, Inc. announced its acquisition of Ansys for approximately $35 billion, aiming 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. The strategic move is expected to advance Synopsys' Silicon to Systems strategy, which has been part of a seven-year strategic partnership with Ansys. The transaction is anticipated to deliver significant financial benefits, including industry-leading, double-digit growth and an increase in Synopsys' total addressable market (TAM) to approximately $28 billion. The combined company also expects to see an expansion in Non-GAAP Operating Margin and Unlevered Free Cash Flow margins in the first full year post-closing. Synopsys has identified potential cost and revenue synergies, with revenue synergies expected to exceed $1 billion annually in the long term. 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 premium of approximately 29% over Ansys' closing stock price on December 21, 2023. The transaction is structured to be funded by Synopsys through a combination of cash on hand and $16 billion of fully committed debt financing. The acquisition is expected to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions.

This announcement is a separate document:

Doc 1

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