TECH - Why Is ANSYS Stock Trading Lower Tuesday? | Benzinga
Synopsys, Inc (NASDAQ:SNPS) agreed to snap ANSYS, Inc (NASDAQ:ANSS), sending the stock price of the target company trading lower Tuesday.
Under the deal, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 2023.
The implied per share consideration of $390.19, based on the closing price of Synopsys common stock of $559.96 as of December 21, 2023, represents a premium of approximately 29% over Ansys’ closing stock price on December 21, 2023.
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