Synplicity shareholders say 'yes' to $8-per-share merger with Synopsys

By Lisa Kerner

Charlotte, N.C., May 14 - Synplicity, Inc. said holders of more than 76% of its common stock outstanding voted to approve the company's acquisition by Synopsys, Inc. at a special meeting on Wednesday.

The merger is expected to close on or about Thursday, according to a Synplicity news release.

In March, Synopsys announced it had agreed to acquire Synplicity for $8 per share in a deal valued at some $227 million.

Synopsys, based in Mountain View, Calif., provides electronic design automation software and related services for semiconductor design companies.

Synplicity is a Sunnyvale, Calif., supplier of field programmable gate array (FPGA) and integrated circuit design and verification solutions used in communications, military/aerospace, semiconductor, consumer, computer and other electronic applications markets.

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