From: Spencer48@aol.com
Subject: Re: [CANSLIM] MDII
Date: Mon, 18 Mar 2002 11:52:44 EST
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Tom:
I see a merger (that's expected to take place this spring), but no
buyout (and as I understand the press release, infra, no money is changing
hands-ie. it's going to be a merger, plain and simple. I got this
information from the AVNT website:
"Synopsys and Avant! Receive FTC Request for Additional Information About
Merger
MOUNTAIN VIEW, Calif., January 28, 2002-- Synopsys, Inc. (Nasdaq:SNPS) and
Avant! Corporation (Nasdaq:AVNT), today announced that they have received
from the Federal Trade Commission (FTC) a request for additional information
and documentary material regarding their proposed merger. Synopsys and Avant!
are continuing to work closely with the FTC staff and intend to provide the
requested additional information and documentary material. As previously
announced, the merger is expected to close some time between March to June of
2002, pending expiration of the Hart-Scott-Rodino waiting period, the
approval of both the Synopsys and Avant! shareholders and other customary
closing conditions.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of
the safe harbor provisions of Section 21E of the Securities Exchange Act of
1934, including statements regarding the expected date of closing the
acquisition; future financial and operating results; and timing and benefits
of the acquisition. These statements are based on Synopsys' and Avant!'s
current expectations and beliefs. Actual results could differ materially from
the results implied by these statements. Factors that may cause or contribute
to such differences include the successful closing of the acquisition;
changes in both companies' businesses during the period between now and the
closing date; litigation relating to the transaction or the businesses,
including the outcome of litigation between Avant! and Cadence Design
Systems, Inc.; the successful integration of Avant! into Synopsys' business
subsequent to the closing of the acquisition; timely development, production
and acceptance of products and services contemplated by the merged company
after completion of the proposed acquisition; increasing competition in the
market for design implementation or design verification software; the ability
to retain key management and technical personnel; adverse reactions to the
proposed transaction by customers, suppliers and strategic partners and other
risks described in Synopsys' report on Form 10-Q filed with the Securities
and Exchange Commission (SEC) on September 18, 2001 (pp. 21-23), and on
Avant!'s report on Form 10-Q filed with the Securities and Exchange
Commission (SEC) on November 14, 2001 (pp. 21-27). Synopsys and Avant! are
under no obligation to (and expressly disclaim any such obligation to) update
or alter their forward-looking statements whether as a result of new
information, future events or otherwise.
Additional Information
In connection with the proposed merger, Synopsys and Avant! filed with the
Securities and Exchange Commission on December 21, 2001, a Registration
Statement on Form S-4 that included a preliminary joint proxy statement of
Synopsys and Avant! and a prospectus of Synopsys. INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ THE PRELIMINARY JOINT PROXY STATEMENT / PROSPECTUS
REGARDING THE PROPOSED MERGER, WHICH IS AVAILABLE NOW, AND THE DEFINITIVE
JOINT PROXY STATEMENT / PROSPECTUS REGARDING THE MERGER, WHEN IT BECOMES
AVAILABLE, BECAUSE IT CONTAINS AND WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders may obtain a free copy of the preliminary
joint proxy statement / prospectus and the definitive joint proxy statement /
prospectus (when available) and other related documents filed by Synopsys and
Avant! with the SEC at the SEC's website at www.sec.gov. The definitive joint
proxy statement / prospectus (when it is available) and the other documents
may also be obtained for free by accessing Synopsys' website at
www.synopsys.com or by directing a request by mail or telephone to 700 E.
Middlefield Road, Mountain View, CA 94043, Attention: Company Secretary,
(650) 584-5000, or by accessing Avant!'s website at www.avanticorp.com or by
directing a request by mail or telephone to 4671 Bayside Parkway, Fremont, CA
94538, Attention: Company Secretary, (510) 413-8000.
Synopsys, Avant!, and their respective directors, executive officers and
certain other members of management and employees may be soliciting proxies
from their respective stockholders in favor of the merger. Information
regarding the persons who may, under the rules of the SEC, be considered
participants in the solicitation of the Synopsys stockholders, or the Avant!
stockholders, as the case may be, in connection with the proposed merger, is
set forth in the preliminary joint proxy statement / prospectus and will be
set forth in the definitive joint proxy statement / prospectus when it is
filed with the SEC.
About Synopsys
Synopsys, Inc. (Nasdaq:SNPS), headquartered in Mountain View, California,
creates leading electronic design automation (EDA) tools for the global
electronics market. The company delivers advanced design technologies and
solutions to developers of complex integrated circuits, electronic systems
and systems on a chip. Synopsys also provides consulting and support services
to simplify the overall IC design process and accelerate time to market for
its customers. Visit Synopsys at http://www.synopsys.com.
About Avant!
Avant! Corporation develops, markets, and supports integrated circuit (IC)
design automation software solutions (from system definition to mask
synthesis) for the rapid design of multimillion gate products including
system on chip (SoC). These ICs power consumer electronics, Internet
infrastructure, wireless, telecommunications, and automotive products. The
Company is the leading provider of physical foundation IP libraries for IC
design and provides a full suite of software for integrated circuit design,
process simulation, device modeling, and mask synthesis
Avant! is a global company with over 65 offices in 18 countries. Telephone:
510-413-8000. Fax: 510-413-8080. Worldwide web: www.avanticorp.com. "
jans
In a message dated 3/18/2002 9:28:53 AM Eastern Standard Time,
stkguru@bellsouth.net writes:
<< I see AVNT is already under a buyout offer as well, also at a substantial
premium to its price at the time.
>>
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