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SNPS May 2024 580.000 call
| Previous close | 1.8500 |
| Open | 3.0000 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 580.00 |
| Expiry date | 2024-05-17 |
| Day's range | 1.6000 - 1.9500 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
Barrons.comSynopsys Sells Software-Testing Unit for More Than $2 Billion
The semiconductor-design software provider Synopsys is selling its software -integrity unit to two private-equity companies, potentially boosting its cash profile. Clearlake Capital and Francisco Partners are buying Synopsys’ security-testing software business for $2.1 billion, including up to $475 million in cash payable when certain conditions are met. Synopsys stock was trading flat after the announcement.
ReutersSynopsys sells software integrity unit for $2.1 billion to PE group
Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.
- Reuters
UPDATE 3-Synopsys sells software integrity unit for $2.1 bln to PE group
Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its focus towards the AI chips market. and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era."
