Synopsys and Avant! Receive FTC Request for Additional Information About Merger

1/28/2002 - Synopsys, Inc. (Nasdaq:SNPS) and Avant! Corporation (Nasdaq:AVNT), today announced that they have received from the Federal Trade Commission (FTC) a request for additional information and documentary material regarding their proposed merger. Synopsys and Avant! are continuing to work closely with the FTC staff and intend to provide the requested additional information and documentary material. The merger is expected to close between March and June of 2002, pending expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the approval of both the Synopsys and Avant! shareholders and other customary closing conditions.

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