NASDAQ 100
14.05.2008 21:15:00
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Synplicity Announces Shareholder Approval of Agreement of Merger With Synopsys, Inc.
Synplicity, Inc. (NASDAQ:SYNP) today announced that its shareholders,
voting at a special meeting today at Synplicity’s
headquarters in Sunnyvale, California, have voted to adopt and approve a
merger agreement pursuant to which Synplicity will be merged with and
into a wholly owned subsidiary of Synopsys, Inc. (NASDAQ:SNPS). More
than 76 percent of the Synplicity common stock outstanding on the record
date were cast in favor of adoption and approval of the merger agreement.
On March 20, 2008, Synplicity and Synopsys announced the signing of the
merger agreement under which Synopsys will acquire Synplicity. Adoption
and approval of the merger agreement by Synplicity’s
shareholders satisfies one of the conditions to completion of the
transaction. Subject to the satisfaction of the remaining closing
conditions, the merger is currently expected to be completed on or about
May 15, 2008. Upon completion of the merger, Synplicity common stock
will cease trading on NASDAQ.
About Synplicity
Synplicity®, Inc.
(NASDAQ: SYNP) is a leading supplier of innovative software and hardware
solutions for the design and verification of semiconductors that serve a
wide range of communications, military/aerospace, consumer,
semiconductor, computer, and other electronic systems markets. Synplicity’s
FPGA implementation tools provide outstanding performance, cost and
time-to-market benefits by simplifying, improving and automating design
planning, logic synthesis and physical synthesis for FPGA and DSP
designs. The combination of the company’s ASIC
verification and FPGA-based prototyping software tools and HAPS™
ASIC prototyping hardware, provide designers with a comprehensive
at-speed ASIC / ASSP verification flow known as the Confirma™
platform which dramatically accelerates functional verification of FPGAs
and ASICs. Synplicity is the number one supplier of FPGA synthesis tools
and its physical synthesis and ASIC verification technology are the
recipients of several prestigious industry awards. Synplicity products
support industry-standard design languages (VHDL and Verilog) and run on
popular platforms. The company operates in more than 20 facilities
worldwide and is headquartered in Sunnyvale, California. For more
information visit http://www.synplicity.com Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties concerning Synopsys’
proposed acquisition of Synplicity. Actual events or results may differ
materially from those described in this document due to a number of
risks and uncertainties. The potential risks and uncertainties include,
among others, the possibility that the transaction will not close, and
that the closing may be delayed. Synplicity undertakes no obligation to
update these forward-looking statements to reflect events or
circumstances after the date of this document.
Synplicity is a registered trademark of Synplicity, Inc. HAPS and
Confirma, are trademarks of Synplicity, Inc. All other brands or
products are the trademarks or registered trademarks of their owners.
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