Sunnyvale, CA--October 29, 1996--Avant! Corp. (Sunnyvale, CA) announced the completion of its merger with Meta-Software Inc. The merger was approved Oct. 29 by the shareholders of each company at their respective Special Meetings of Shareholders.
As consideration for the merger, Avant! issued to Meta-Software security holders an aggregate of approximately 5.08 million shares and options to purchase Avant! common stock in exchange for all the outstanding shares and options of Meta-Software. Avant! will issue approximately 0.438 shares of Avant! common stock for each share of Meta-Software common stock outstanding. The merger transaction will be accounted for as a pooling of interests. Third quarter financial results for each of the companies were previously announced on Oct. 17, 1996.
Avant! will continue to support all Meta-Software customers, including, but not limited to, AMD, Cirrus Logic, Fujitsu, Hyundai, LG Semicon, LSI Logic, Matsushita, Micron, Mitsubishi, Motorola, National, NEC, Oki, Philips, S3, Samsung, SGS-Thomson, Silicon Graphics, Siemens, Sun Microsystems, Texas Instruments, Toshiba, TSMC, and UMC.
1208 E. Arques Ave.
Sunnyvale, CA 94086
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