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-0.000460811796782015 0.00125936023962208 0.00205349256940968 0.00276487078069187 0.00393610076417948 0.00547214008678627 0.00399370223877717 0.0049153258323412
Stock impact report

Synopsys nears sale of $2B software unit to PE firms - Reuters [Seeking Alpha]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
The two PE shops prevailed over other buyout firms interested in the business, according to a Reuters report on Thursday, which cited people familiar with the matter. A deal could be announced as early as next week if talks are successful. Synopsys CEO Sassine Ghazi on the company's earnings conference call in November said that the board had decided to explore strategic alternatives for the software integrity business. The latest report comes after Bloomberg reported in February that U.S. chip designer Synopsys was gearing up to s tart a sale process for its software integrity business. which could be valued at $3 billion or more. The sale come as Synopsys ( SNPS ) agreed in January to buy engineering software firm Ansys ( ANSS ) in a cash-and-stock deal valued at about $35B. Synopsys ( SNPS ) is set to report Q1 results on May 22. Recommended For You More Trending News Recommended For You More Trending News About SNPS Stock Related Stocks Trending Analysis T Show less Read more
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