Synopsys Stock Rises After $35 Billion Ansys Acquisition

Key TakeawaysChip design software maker Synopsys Inc. on Tuesday announced a cash-and-stock deal to acquire simulation software company Ansys Inc. that's valued at $35 billion.The deal brings together Synopsys' semiconductor electronic design automation (EDA) with longtime partner Ansys' simulation technology.Synopsys said it plans to fund the bulk of the$19 billion cash portion of the deal with a debt offering.Synopsys stock rose about 1.5% in intraday trading Tuesday after the announcement.Synopsys Inc. ...