MOUNTAIN VIEW, Calif. (AP) — Synopsys Inc. said Thursday it has completed its acquisition of rival chip design software provider Virage Logic Corp. for about $315 million in cash.
Synopsys said it expects the transaction will have a roughly neutral impact on its adjusted and unadjusted earnings per share in its fiscal fourth quarter.
Because Synopsys has yet to determine the full impact the deal will have on its earnings, the company isn't changing any of its earnings per share targets.
Synopsys has said the acquisition will give it a more comprehensive set of software tools to offer customers.
Excluding the cash on Virage's books, Synopsys would be paying about $289 million.
Synopsys shares added 28 cents to $23.26 on Thursday. Shares in Virage Logic were unchanged at $11.99.
