Sidley Aids Synopsys In $305M Taiwanese Tech Co. Buy

Law360, New York (August 3, 2012, 3:45 PM EDT) -- California electronic systems manufacturer Synopsys Inc. has acquired a Taiwanese supplier of integrated circuit design software for roughly $305 million, Synopsys said Friday.

The company announced that it agreed to purchase SpringSoft Inc., based in Hsinchu, Taiwan, in an all-cash transaction. Synopsys will make a tender offer through a Taiwanese subsidiary to acquire all of the outstanding shares of SpringSoft for 57 New Taiwan dollars (roughly US$1.90) per share.

Synopsys will buy any remaining shares of Spring Soft as part of a follow-on merger, it said....
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