Synopsys Acquires Nassda For $192M In Deal Driven By Patent, Trade-Secret Litigation

Law360, New York (December 2, 2004, 12:00 AM EST) -- Chip software maker Synopsys Inc. has agreed to buy rival Nassda Corp. for about $192 million in a deal driven by the acrimonious patent and trade-secrets litigation between the two companies.

In what amounts to a combined acquisition and settlement agreement, Synopsys said it has signed agreements to acquire Nassda in an all-cash transaction at $7 per share and to settle all outstanding litigation by Synopsys against Nassda.

In addition, upon closing, the Nassda officers, directors and employees who are defendants in the litigation between Synopsys...
To view the full article, register now.