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By divesting its Software Integrity Group, Synopsys (SNPS) seeks to optimize its operational efficiency and allocate resources more effectively.
Synopsys will sell its software integrity (SIG) unit to a private equity consortium led by Clearlake Capital and Francisco Partners in a deal valued at $2.1 billion, the chip designer said on Monday.
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A private equity consortium led by Clearlake Capital and Francisco Partners is in advanced talks to acquire the software integrity (SIG) unit of chip designer Synopsys for more than $2 billion, according to people familiar with the matter.
Synopsys (SNPS) closed at $522.18 in the latest trading session, marking a -1.59% move from the prior day.
Synopsys (SNPS) reachead $527.52 at the closing of the latest trading day, reflecting no change compared to its last close.
Synopsys (SNPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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