Reported about 10 hours ago
Synopsys is preparing to sell approximately $10 billion in bonds as early as next week to finance its acquisition of Ansys, according to Bloomberg News. The company has enlisted Bank of America, HSBC, and JPMorgan to facilitate investor calls. Recently approved by the EU, the $35 billion deal involves divesting certain software to address competition concerns. The acquisition, aimed at enhancing Synopsys' software capabilities for diverse industries, comes amid a positive revenue outlook for the company's chip design solutions.
Source: YAHOO