Previous close | 63.40 |
Open | N/A |
Bid | 144.20 |
Ask | 154.00 |
Strike | 660.00 |
Expiry date | 2024-05-17 |
Day's range | 63.40 - 63.40 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Long term investing can be life changing when you buy and hold the truly great businesses. And we've seen some truly...
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.
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.