On July 17, 2025, ANSYS, Inc. (ANSS, Financial), a leading provider of engineering simulation software, successfully completed its merger with Synopsys, Inc., a prominent player in the electronic design automation industry. This strategic move was executed through a previously announced Agreement and Plan of Merger, dated January 15, 2024, involving ANSYS, Synopsys, and ALTA Acquisition Corp., a wholly owned subsidiary of Synopsys.
As a result of the merger, ANSYS has become a wholly owned subsidiary of Synopsys. The transaction was structured such that each share of ANSYS common stock was converted into the right to receive 0.3399 shares of Synopsys common stock and $199.91 in cash, subject to applicable withholding taxes. This adjustment was made to ensure compliance with the maximum share issuance limits set forth in the merger agreement.
In conjunction with the merger, ANSYS repaid and terminated its existing credit agreement, which included a $755 million unsecured term loan facility and a $500 million unsecured revolving facility. The company did not incur any penalties for the prepayment of these obligations.
Following the merger, ANSYS notified the Nasdaq Global Select Market of the transaction's completion and requested the suspension of trading of its common stock, effective July 17, 2025. Consequently, ANSYS common stock will no longer be listed on Nasdaq, and the company intends to deregister its shares under the Securities Exchange Act of 1934.
This merger marks a significant change in control for ANSYS, with Synopsys funding the cash consideration through a combination of cash on hand and debt financing. The merger agreement also led to the resignation of ANSYS's board of directors, with the directors of ALTA Acquisition Corp. assuming their roles.
The completion of this merger is expected to enhance the combined entity's capabilities in delivering comprehensive solutions to their customers, leveraging the strengths of both ANSYS's simulation software and Synopsys's electronic design automation expertise.
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