Home / Business and Economy / Synopsys Board Seat for Elliott Management
Synopsys Board Seat for Elliott Management
28 May
Summary
- Synopsys reached an agreement with Elliott Investment Management.
- Elliott's Jesse Cohn will join Synopsys's board.
- The deal includes standstill and voting commitments from Elliott.
Synopsys Inc. has entered into a settlement agreement with Elliott Investment Management. This accord will see Jesse Cohn, a managing partner at Elliott, join the board of directors for the chip-design software company.
As part of the agreement, Elliott has committed to specific standstill and voting arrangements. This development marks a resolution in the engagement between Synopsys and the activist investor firm.
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