Synopsys to sell software unit to Clearlake, Francisco in $2.1 bln deal [Reuters]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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Source: Reuters
Capital and Francisco Partners in a deal valued at $2.1 billion, the chip designer said on Monday. Reuters last week that the private equity firms had prevailed over rivals and that their consortium was in advanced talks to acquire the SIG unit, which provides application security testing for software developers. The deal includes up to $475 million in cash that will be payable once the buyout firms hit a certain rate of return related to one or more liquidity transactions. Liquidity transactions refer to deals where holders of a company's stock, including employees, can sell their shares. Synopsys announced plans in late 2023 to divest its SIG unit. In January, the company agreed to acquire rival design software firm Ansys for $35 billion, its largest-ever deal. The SIG deal is expected to close in the second half of 2024 and will create a new standalone entity that provides application security testing software. The company said it would release the name of the new busin
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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