Synopsys completes acquisition of Ansys; exchange ratio adjusted, board adds two Ansys directors

SYNOPSYS INC

Each Ansys share converted to ~0.34 Synopsys shares + ~$199.91 cash; ratio adjusted to stay under 19.999% issuance cap.
Synopsys borrowed full $4.3B term loan and terminated $690M bridge commitment to fund cash consideration and fees.
Board expanded to 11; former Ansys CEO Ajei Gopal and director Ravi Vijayaraghavan appointed immediately.
Janet Lee (ex-Ansys GC) named Synopsys General Counsel & Corporate Secretary; John Runkel stays as Chief Legal Officer through Jan 2026.
Combined TAM estimated at $31B; first integrated multiphysics EDA capabilities expected in H1 2026.

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