Fenwick & West LLP represented Synopsys, Inc. (NASDAQ: SNPS) in its recently announced acquisition of Synplicity, Inc. (NASDAQ: SYNP), a supplier of solutions for the design and verification of semiconductors. Synopsys will pay $8 cash per Synplicity share, for a total transaction value of approximately $227 million. The transaction is subject to regulatory and Synplicity shareholder approval, as well as other customary closing conditions. Synopsys, based in Mountain View, CA, is a provider of software and IP for semiconductor design and manufacturing.
More information about the transaction can be obtained from the Synopsys Web site.
The Fenwick & West transaction team included corporate attorneys Mark Leahy, Kris Withrow and Christian Lymn; intellectual property attorneys Michael Farn and Darren Hutchins; and employee benefits attorneys Blake Martell and Gerald Audant.
About Fenwick & West
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. and by Corporate Board Member as one of the top 5 corporate law firms in northern California for publicly traded companies.