---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-008120"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:42:24.262071+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Synopsys to acquire Ansys for 0.345 shares plus $197 cash per share

## Summary
- Each Ansys share converts to 0.3450 Synopsys shares and $197 cash; Ansys shareholders to own ~16.5% of combined company.
- Synopsys secured up to $16B in bridge loan financing from JPMorgan, Bank of America, HSBC to fund cash portion.
- Transaction expected to close in first half of 2025; subject to Ansys shareholder vote, antitrust approvals, and other conditions.
- Termination fee: Synopsys pays $1.5B if Merger blocked by antitrust injunction; Ansys pays $950M if it accepts superior offer.
- Ansys board to recommend adoption; Synopsys board unanimously approved; two Ansys directors to join Synopsys board.

## SEC filing metadata
- accession: 0001193125-24-008120
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312524008120/0001193125-24-008120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312524008120/d720113d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-008120
- JSON: https://secwatch.observer/filing/0001193125-24-008120.json
- Plain text: https://secwatch.observer/filing/0001193125-24-008120.txt

## Key facts
- Material Agreements
  SYNOPSYS INC entered into Agreement and Plan of Merger with ANSYS, Inc. (effective 2024-01-15).
  - Action: entry
  - Agreement: merger
  - Counterparty: ANSYS, Inc.
  - Effective: 2024-01-15
  source text: On January 15, 2024, Synopsys, Inc. (“ Synopsys ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among Synopsys, ANSYS, Inc., a Delaware corporation (“ Ansys ”), and ALTA Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Synopsys (“ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312524008120/0001193125-24-008120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.