Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners [Yahoo! Finance]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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synopsys.com/company/investor-relations.html
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Source: Yahoo! Finance
The transaction, valued at up to $2.1 billion , is expected to close in the second half of 2024, subject to customary closing conditions including the receipt of required regulatory approvals. Synopsys sharpens focus on accelerating its silicon to systems strategy and advancing its core design automation and design IP businesses. SUNNYVALE, Calif. May 6, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS ) today announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. (" Clearlake ") and Francisco Partners, two global private equity firms, for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion , including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return in connection with one or more liquidity transactions. Upon completion of the transaction, the business will emerge as a newly independent application security testing software provide
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News
- Unveiling Synopsys (SNPS) Q2 Outlook: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Blackbaud spurns Clearlake's sweetened $4.3 bln takeover offer [Yahoo! Finance]Yahoo! Finance
- Majority of Organizations Impacted by Software Supply Chain Attacks Over the Past Year, with Many Struggling to Detect and RespondPR Newswire
- Synopsys (SNPS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Synopsys (SNPS) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
SNPS
Earnings
- 2/21/24 - Beat
SNPS
Sec Filings
- 5/16/24 - Form 425
- 5/16/24 - Form 8-K
- 5/13/24 - Form 425
- SNPS's page on the SEC website