secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001140361-25-026139
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/ef20051970_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-026139

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