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
- Keccak IP Core
- 9bit time-based two-step ADC - GF 22nm FDX
- 2GS/s 11b dual I/Q DAC on GF 22nm FDX
- JESD204b Deserializer PHY - GF 22nm FDX
- JESD204b Serializer PHY - GF 22nm FDX
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
- Analog Bits Expands Global Engineering Footprint with New Design Center in Dongtan, South Korea
- ChipAgents Helps Whalechip Cut Semiconductor Root Cause Analysis from Days to Minutes
- European Processor Initiative Successfully Concluded
- Kandou AI Selects Baya Systems to Power Its Attack on the AI Memory Wall
- Arteris Expands Partnership with Arm to Accelerate Semiconductor Cybersecurity