Jones Day Reps Virage In $315M Synopsys Deal

Law360, New York (June 10, 2010, 2:14 PM EDT) -- Software maker Synopsys Inc. has reached a $315 million deal to acquire semiconductor intellectual property holder Virage Logic Corp., a tie-up that Synopsys says will boost its ability to provide a range of services and technologies to semiconductor makers.

Under the terms of the agreement announced Thursday, Synopsys will pay $12 cash per Virage Logic share. The boards of directors of both companies have approved the deal, which is subject to approval by Virage Logic shareholders, as well as regulatory approvals.

Mountain View, Calif.-based Synopsys specializes...
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