Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 13

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 13
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 of Synopsys common stock to be issued in connection with the Ansys Merger does not exceed such threshold, and the cash consideration will be correspondingly increased to offset such adjustment. The Ansys Merger was approved by the holders of a majority of the outstanding shares of Ansys common stock on May 22, 2024 and is anticipated to close in the first half of calendar year 2025. The Ansys Merger is subject to the satisfaction or waiver of customary closing conditions, including the clearance of the Ansys Merger under certain other antitrust and foreign investment regimes and the continued effectiveness of the registration statement on Form S-4 containing the proxy statement relating to the Ansys Merger (File No. 333-277912) filed by us on March 14, 2024 and declared effective by the SEC on April 17, 2024. There can be no assurance that the Ansys Merger will be consummated on a timely basis, on the terms described herein, or at all. See “Risk Factors.” We and Ansys each have termination rights under the Merger Agreement. A fee of $1.5 billion may be payable by us to Ansys, or a fee of $950.0 million may be payable by Ansys to us, upon termination of the Merger Agreement under specified circumstances, each as more fully described in the Merger Agreement. The receipt of financing by us is not a condition to complete the Ansys Merger. We intend to use the net proceeds from this offering, as well as our cash on hand, borrowings under the Term Loan Credit Agreement and the Bridge Commitment, if applicable, to fund the Ansys Merger, to pay related transaction fees and expenses and to repay Ansys’ outstanding indebtedness. As a condition to obtaining regulatory approval of the merger in certain jurisdictions, Synopsys will divest its Optical Solutions Group (“Optical Solutions Divestiture”). On September 3, 2024, Synopsys entered into a definitive agreement to sell the Optical Solutions Group to Keysight Technologies, Inc. for proceeds of $575.0 million, subject to certain adjustments and contingent consideration upon achieving certain metrics. The Optical Solutions Divestiture is subject to customary closing conditions, including review by regulatory authorities, and the successful closing of the merger. Strategic Rationale for the Merger Synopsys believes the proposed Ansys Merger provides compelling strategic and financial benefits for stockholders for both Synopsys and Ansys, including but not