Just saw the news that Synopsys bought Synplicity for $227 million, a 50% premium over its closing price of $5.3/share. So the number of publicly traded EDA companies continue to shrink, and thankfully there’s no more rumor of private equity firms taking EDA companies private (as if they would!…).
I actually bought SYNP a month ago ~$4.15/share, but sold it a few days ago to lock in a 25% return. After the selling, I was wondering why SYNP was holding on to its price while all markets were tanking. I guess SNPS now gives us the answer. Could have made much better return if waited a few more days, but then again, if I can predict that well, I would rather having bought puts on Bear Sterns early last week!
