Feb 28 (Reuters) -
Synopsys ( SNPS ) is looking to sell about $10 billion of
bonds as soon as next week to help finance its acquisition of
software maker Ansys ( ANSS ), Bloomberg News reported on
Friday, citing people with knowledge of the matter.
The company asked Bank of America, HSBC Holdings and
JPMorgan Chase to organise a series of fixed-income investor
calls on Friday, the report stated, citing a different source.
Synopsys ( SNPS ), JPMorgan and HSBC did not immediately respond to
Reuters' requests for comment, while Bank of America declined to
comment.
Synopsys ( SNPS ) received approval for its $35 billion deal with
Ansys ( ANSS ) in the European Union (EU) last month.
To alleviate competition concerns arising from the deal, the
EU said that both companies have agreed to divest Synopsys' ( SNPS )
optics and photonics software and Ansys' ( ANSS ) PowerArtist software.
The company has begun discussions with Chinese regulators
about the deal, Synopsys ( SNPS ) Chief Executive Sassine Ghazi told
Reuters on Wednesday.
The acquisition, announced in January last year, would
see Synopsys ( SNPS ) take over Ansys ( ANSS ), a maker of software used in the
creation of a diverse range of products, including airplanes and
tennis rackets used by players such as Novak Djokovic.
The potential bond sale comes after Synopsys ( SNPS ) issued a robust
revenue forecast for the second quarter on Wednesday, on the
back of growing demand for its software used in designing chips.