Elliott Investment Management takes multibillion-dollar stake in Synopsys, plans engagement

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Activist investor Elliott Investment Management has acquired a multibillion-dollar stake in Synopsys Inc., a chip-design software company. Elliott plans to engage with Synopsys to improve how the company monetizes its software and services portfolio, aiming to extract greater value from its offerings. Synopsys shares rose over 3% pre-market on news of Elliott’s significant investment.

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