Company: SNPS
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026139
Chunk: 1

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 8-K
Item: Item 2.01
Chunk 1
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Item 2.01.      Completion of Acquisition or Disposition of Assets.  

On July 17, 2025, Synopsys completed its acquisition of Ansys pursuant to the Merger Agreement. Pursuant to the Merger Agreement, Merger
Sub was merged with and into Ansys (the “ Merger”), with Ansys surviving the Merger as a wholly owned subsidiary of Synopsys.

At the effective time of the Merger (the “ Effective Time”),

each share of common stock, par value $0.01 per share, of Ansys (“ Ansys Common Stock”) issued and outstanding immediately prior to the Effective Time
(subject to certain exceptions) was converted into the right to receive (i) 0.3399 (the “ Exchange Ratio”) of a share of common stock, par value $0.01 per
share, of Synopsys (the “ Synopsys Common Stock”) (the “ Stock Consideration”)

and (ii) $199.91 in cash, without interest (the “ Per Share Cash Amount,” and in the aggregate, the “ Cash Consideration”), subject to applicable withholding taxes (the foregoing clauses (i) and (ii), collectively, the “ Merger
Consideration”). Because the aggregate number of shares of Synopsys Common Stock to be issued in connection with the Merger would have exceeded 19.9999% of the shares of Synopsys Common Stock issued and outstanding immediately prior
to the Effective Time (the “ Maximum Share Number”), (a) the Exchange Ratio was, pursuant to the terms of the Merger Agreement, reduced from the Exchange
Ratio previously reported to the minimum extent necessary to ensure that the aggregate number of shares of Synopsys Common Stock issued in connection with the Merger did not exceed the Maximum Share Number and (b) the Per Share Cash Amount was,
pursuant to the terms of the Merger Agreement, correspondingly increased from the Per Share Cash Amount previously reported to offset such adjustment. No fractional shares of Synopsys Common Stock will be issued in connection with the Merger, and
Ansys stockholders will receive cash in lieu of any fractional shares, as specified in the Merger Agreement.

Pursuant to the Merger Agreement, as of the Effective Time, (i) each in-the-money option to purchase shares of Ansys Common Stock that was held by a
person who, as of immediately prior to the Effective Time, was no longer an employee or other service provider of An