Wednesday, July 21, 2010

Synopsys, Virage Logic Pass Hart-Scott-Rodino Hurdle

EDA software maker Synopsys and semiconductor IP firm Virage Logic reported today that the two have passed the 30-day waiting period under the Hart-Scott-Rodino antirtust act. The firms said that the expiration of the waiting period satisfies one of the conditions to complete the firm's acquisition deal, which was announced on June 10th. The deal is worth approximately $315M, with Synopsys paying $12.00 per share in cash for each of Virage Logic's common stock shares. Synopsys has said it expect the buy to help strengthen its systems-on-a-chip portfolio. Synopsys is based in Mountain View