Stockholders of Pittsburgh-based Ansys, a simulation software company, recently voted to approve Synopsys’ purchase of the company.
Approximately 98.7 percent of votes were in favor of the transaction. This represents approximately 83.8 percent of total outstanding shares of Ansys common stock as of April 9
Under the terms of the agreement, Ansys stockholders will receive $197 in cash and 0.3450 shares of Synopsys common stock for each Ansys share they own. This is an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on Dec. 21.
“Our stockholders overwhelming approved our merger with Synopsys because they recognize that this is a transformative combination that will create a leader in silicon-to-systems design solutions,” Ajei Gopal, Ansys president and CEO, said. “The combination of Ansys and Synopsys will help to reshape the products we use every day, and create new opportunities for Ansys customers, partners and employees. This is an important milestone toward completing the transaction, and we remain focused on obtaining the required approvals to close.”
The deal is anticipated to close during the first half of 2025, and is subject to closing certain conditions, including regulatory approvals.
California-based Synopsys is a software development company.