Reissue: Synopsys Terminates Merger Agreement with Monolithic System Technology, Inc. (MOSYS)
MOUNTAIN VIEW, Calif., April 19, 2004 – Synopsys, Inc. (Nasdaq: SNPS) today reissued its announcement that, effective Friday, April 16, 2004, it exercised its right to terminate its merger agreement dated February 23, 2004 with Monolithic System Technology, Inc. (MoSys) (Nasdaq: MOSY) pursuant to the termination provisions of the merger agreement. In accordance with the terms of the merger agreement, Synopsys paid MoSys a $10 million termination fee. Mountain Acquisition Sub, Inc., a wholly owned subsidiary of Synopsys, accepted no shares of MoSys common stock for payment in the tender offer that had been commenced pursuant to the merger agreement.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the world leader in electronic design automation (EDA) software for semiconductor design. The company delivers technology-leading IC design and verification platforms, and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at www.synopsys.com.
Synopsys is a registered trademark of Synopsys, Inc. All other trademarks mentioned in this release are the intellectual property of their respective owners.
Related Semiconductor IP
- 12-bit, 400 MSPS SAR ADC - TSMC 12nm FFC
- 10-bit Pipeline ADC - Tower 180 nm
- NoC Verification IP
- Simulation VIP for Ethernet UEC
- Automotive Grade PLLs, Oscillators, SerDes PMAs, LVDS/CML IP
Related News
- Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement's Termination Fee Due to MaxLinear's Willful and Material Breaches of the Merger Agreement
- Delaware Court Approves Expedited Hearing in Monolithic System Technology's Lawsuit against Synopsys; Litigation to Complete Broken Merger Accord Will Move Quickly to Trial
- Achronix and ACE Convergence Acquisition Corp Mutually Agree to Terminate Merger Agreement
- MoSys and Peraso Technologies Announce Definitive Agreement for Business Combination
Latest News
- Presto Engineering Group Acquires Garfield Microelectronics Ltd, Creating Europe’s Most Comprehensive ASIC Design to Production One-Stop-Shop
- Qualitas Semiconductor Demonstrates Live of PCIe Gen 6.0 PHY and UCIe v2.0 Solutions at ICCAD 2025
- WAVE-N v2: Chips&Media’s Custom NPU Retains 16-bit FP for Superior Efficiency at High TOPS
- Quintauris releases RT-Europa, the first RISC-V Real-Time Platform for Automotive
- PQShield's PQCryptoLib-Core v1.0.2 Achieves CAVP Certification for a broad set of classical and post-quantum algorithms