Monday, March 22, 2004
Synopsys Inc. today said it has decided to change its proposed $432 million purchase of Monolithic System Technology (MoSys) to an all cash offer rather than a deal combining cash and stock as proposed last month.
The Mountain View, Calif., based-EDA player is proposing to make the acquisition through its subsidiary Mountain Acquisition Sub Inc.
The move is contingent on approval by MoSys shareholders. Its board of directors has recommended approval.
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