SNPS May 2024 530.000 put
| Previous close | 7.40 |
| Open | 6.59 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 530.00 |
| Expiry date | 2024-05-17 |
| Day's range | 6.40 - 7.40 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
Barrons.comSynopsys Sells Software-Testing Unit for More Than $2 Billion
The semiconductor-design software provider Synopsys is selling its software -integrity unit to two private-equity companies, potentially boosting its cash profile. Clearlake Capital and Francisco Partners are buying Synopsys’ security-testing software business for $2.1 billion, including up to $475 million in cash payable when certain conditions are met. Synopsys stock was trading flat after the announcement.
BloombergSynopsys to Sell Unit for as Much as $2.1 Billion to Private Equity Firms
(Bloomberg) -- Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountHigh-Tech Trading Firms Race to Grab Bond Market TurfClearlake Capital and Fra
ReutersSynopsys sells software integrity unit for $2.1 billion to PE group
Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.
