Synopsys to Sell Unit for as Much as $2.1 Billion to Private Equity Firms [BNN Bloomberg (Canada)]
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: BNN Bloomberg
Clearlake Capital and Francisco Partners are buying the cybersecurity-focused business and will run it as a new, as-yet unnamed independent company, according to a statement issued Monday. Synopsys is getting $1.5 billion at closing, $125 million over five quarters and as much as $475 million contingent upon a specified rate of return. The move allows Synopsys to focus on its core business of supplying semiconductor design tools, Chief Executive Officer Sassine Ghazi said in the statement. The transaction comes about three months after the firm agreed to buy engineering software maker Ansys Inc. for about $34 billion in one of the largest tech acquisitions in recent years. Existing management of the software integrity unit are expected to lead the newly independent company, the firms said. The deal is expected to close in the second half of the year. ©2024 Bloomberg L.P. FAANG stocks
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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