CIMdata PLM Industry Summary Online Archive
15 May 2008
Acquisitions
Synplicity Announces Shareholder Approval of Agreement of Merger With Synopsys, Inc.
Synplicity, Inc. announced that its shareholders, voting at a special meeting today at Synplicity’s headquarters in Sunnyvale, California, have voted to adopt and approve a merger agreement pursuant to which Synplicity will be merged with and into a wholly owned subsidiary of Synopsys, Inc. More than 76 percent of the Synplicity common stock outstanding on the record date were cast in favor of adoption and approval of the merger agreement.
On March 20, 2008, Synplicity and Synopsys announced the signing of the merger agreement under which Synopsys will acquire Synplicity. Adoption and approval of the merger agreement by Synplicity’s shareholders satisfies one of the conditions to completion of the transaction. Subject to the satisfaction of the remaining closing conditions, the merger is currently expected to be completed on or about May 15, 2008. Upon completion of the merger, Synplicity common stock will cease trading on NASDAQ.
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