ANSYS stock saw a 25% jump after reports of a potential merger with Synopsys, but Synopsys stock dropped by over 10%. ANSYS specializes in engineering simulation software and operates on a ...
ANSYS announced its merger with Synopsys, and I have updated its price target to $397. The merger will involve a cash component and shares of Synopsys, potentially diluting the value of the shares.
Synopsys (SNPS), an electronic design automation software supplier used to test and design chips, sold off with under an hour to go in Friday's session on a WSJ report that it was potentially looking ...