Bull & Lifshitz, LLP Announces Investigation of Magma Design Automation Inc.

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Magma Design Automation Inc. (NASDAQ: LAVA - News) (referred to as "Magma" or the “Company”) to Synopsys, Inc. (“Synopsys”) in a transaction valued at approximately $507 million net of cash and debt acquired.

Under the terms of the agreement, Synopsys will acquire Magma for $7.35 per Magma share in cash.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Magma common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Magma and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail]. All e-mail correspondence should make reference to Magma.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

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