Product category: Design and Development Software
News Release from: Synopsys
Edited by the Electronicstalk Editorial Team on 5 March 2003
Synopsys completes Numerical acquisition
Synopsys has completed its acquisition of Numerical Technologies, the world's leading provider of subwavelength lithography-enabling technology
The combination of Numerical's lithography-enabling solutions and Synopsys' industry-leading design solutions will enable Synopsys to further reduce costs and manufacturing risk for its customers as they create smaller, faster and more power-efficient chips. "Design for manufacturing (DFM) has gained increased attention as the complexity and cost of lithographic masks have skyrocketed.
This article was originally published on Electronicstalk on 5 March 2003 at 8.00am (UK)
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Synopsys acquires lithography-enabling solutions
Synopsys is to acquire all outstanding shares of Numerical Technologies common stock for a cash purchase price of $7.00 per share
Acquisition to expand IP portfolio to DDR
Synopsys is set to acquire the semiconductor IP assets of Mosaid Technologies, and will integrate these into its DesignWare IP portfolio
By bringing Numerical's products and well-respected technologists to Synopsys, we will be able to better address manufacturing issues earlier during the design phase and, in the process, reduce cost and risk for our customers", said Aart de Geus, Chairman and CEO of Synopsys.
"Numerical's direct adjacency to our traditional business will not only allow us to grow in the rapidly emerging DFM market; it also strengthens our existing physical products and increases the value of our recently announced Galaxy design platform".
Through a tender offer by its wholly owned subsidiary, Neon Acquisition Corp, Synopsys had previously acquired approximately 90.71% of the outstanding shares of Numerical common stock for a purchase price of $7.00 per share in cash, without interest.
As the final step of the acquisition, Synopsys caused Neon Acquisition to merge with and into Numerical effective 1st March 2003.
In the merger, each Numerical share not purchased in the tender offer, other than shares for which statutory appraisal rights are properly exercised, was converted into the right to receive the same $7.00 per share in cash, without interest, as received by Numerical stockholders in the tender offer.
As a result, Numerical is now a wholly owned subsidiary of Synopsys.
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