Nassda (NASDAQ:NSDA)
Historical Stock Chart
From Jun 2019 to Jun 2024
Nassda Announces Stockholder Approval of Agreement of Merger With
Synopsys, Inc.
SANTA CLARA, Calif., April 27 /PRNewswire-FirstCall/ -- Nassda Corporation
(NASDAQ:NSDA) today announced that its stockholders have voted to adopt and
approve a merger agreement pursuant to which Nassda will be merged with and
into a wholly owned subsidiary of Synopsys, Inc. (NASDAQ:SNPS). More than 85
percent of the Nassda common stock outstanding on the record date were cast in
favor of adoption and approval of the merger agreement. Excluding Nassda's
officers and directors, individual defendants in the intellectual property
litigation brought by Synopsys and the related parties of such individual
defendants, more than 99 percent of the Nassda common stock outstanding on the
record date were cast in favor of adoption and approval of the merger agreement
at the Nassda annual meeting.
On December 1, 2004, Nassda and Synopsys announced the signing of the merger
agreement under which Synopsys will acquire Nassda. Adoption and approval of
the merger agreement by Nassda's stockholders satisfies one of the conditions
to completion of the transaction. Subject to the satisfaction of the remaining
closing conditions including the termination of the anti-trust review of the
transaction by the Federal Trade Commission, the merger is currently expected
to be completed on or about May 4, 2005.
About Nassda
Nassda Corporation is a leading provider of full-chip circuit verification
software for complex nanometer semiconductors. Headquartered in Santa Clara,
California, the company develops and markets simulation and analysis solutions
for advanced ICs, especially for analog, mixed signal, memory, system-on-chip
and high performance digital designs. Nassda's products enable first silicon
success, and improve product quality and production yield for its consumer,
communication, computer, and memory customers. The company has sales and
distribution offices throughout the world. For more information about Nassda,
please visit the company's website at http://www.nassda.com/.
Forward Looking Statements
This press release contains forward-looking statements regarding the outcome
and expected completion date of the proposed transaction between Nassda and
Synopsys that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
generally preceded by words that imply a future state, such as "expects" or
"anticipates," or that imply that a particular future event or events will
occur, such as "will," "remain," "may," or the negative of these terms.
Investors are cautioned that all forward-looking statements in this release
involve risks and uncertainty, including without limitation, the outcome of
regulatory approvals and the satisfaction of the other conditions to closing of
the proposed transaction with Synopsys. These risks, uncertainties and other
factors may cause outcomes to differ materially from those expressed or implied
by the forward-looking statements.
Forward-looking statements are only predictions and the actual events or
results may differ materially. Nassda cannot provide any assurance that the
remaining conditions to the closing of the proposed transaction will be
satisfied or that the proposed transaction with Synopsys will be completed in
the time expected or at all. Neither Nassda nor any other person assumes
responsibility for the accuracy and completeness of these forward-looking
statements. Nassda disclaims any obligation to update information contained in
any forward-looking statement.
For additional information and considerations regarding the risks faced by
Nassda, see its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q
as filed with the Securities and Exchange Commission.
Additional Information About the Proposed Acquisition and Where to Find It
Nassda filed a proxy statement dated March 10, 2005 with the SEC in connection
with the proposed transaction and filed a supplement to the proxy statement
dated April 14, 2005. Nassda urges investors and security holders to read the
proxy statement and the proxy supplement and any other relevant documents filed
with the SEC because they contain important information. Investors and security
holders are able to obtain these documents free of charge at the website
maintained by the SEC at http://www.sec.gov/. Additionally, documents filed
with the SEC by Nassda are available free of charge by contacting Investor
Relations, Nassda, 2650 San Tomas Expressway, Santa Clara, California 95051
(Telephone: 408-988-9988) and on Nassda's website at http://www.nassda.com/.
Documents on Nassda's website will not be a part of the filing.
NOTE: Nassda is a registered trademark of Nassda Corporation.
DATASOURCE: Nassda Corporation
CONTACT: Tammy Shu Hua Liu of Nassda Corporation, +1-408-988-9988, or
Web site: http://www.nassda.com/