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Dynasty Capital Services announces closing of Synopsys-Avant!

merger and settlement of arbitration dispute

 

MORAGA, CALIFORNIA, June 6, 2002- Dynasty Capital Services LLC., a preeminent provider of strategic and financial advisory services, today announced the closing of the merger between Synopsys, Inc. (NASDAQ: SNPS) and Avant! Corporation (NASDAQ: AVNT). Dynasty served as an advisor to Avant! on various strategic matters. Upon closing of this transaction, Dynasty received final payments of all monies owed to Dynasty.

“We are pleased to have advised Avant! on multiple key projects, which ultimately enabled this transaction. Given that Avant!’s shareholders received a substantial premium, we believe were successful in increasing shareholder value,” said Randolph L. Tom, Dynasty’s Chairman. “This was certainly a challenging transaction. We extend our congratulations to all parties involved.”

In December 2001, Synopsys announced its intention to acquire Avant! Corporation in a transaction valued in excess of $1 billion. The companies are leaders in the field of Electronic Design Automation (EDA) software—tools used in semiconductor design and development.

Mr. Tom commented on the importance of the transaction: “The legal and financial complications in this transaction should not be underestimated. The EDA industry is clearly in a period of consolidation. In the future, this merger will be viewed as one of the landmark technology transactions of the past year.”

About Dynasty Capital Services LLC

Dynasty Capital Services is a preeminent provider of strategic and financial advisory services focused on high-growth companies operating on a global scale. Founded in 1988, Dynasty’s expertise enhances value by enabling clients to: develop and implement new market entry strategies, execute financings, alliances and other strategic transactions, and catalyze all the elements of a successful enterprise.

Based in the San Francisco Bay Area, Dynasty Capital Services is globally accessible via the Internet at www.dynastycap.com. For more information contact David Tom at dbtom@dynastycap.com.

Disclaimer

Dynasty is not a Registered Investment Advisor or a Broker Dealer. This note is for information purposes only and should be in no way construed as investment advice. This website is in no way a solicitation or offer to sell securities or investment advisory services.


   

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