Synopsys Settles with Elliott, Adds Board Member

Chip-design software firm Synopsys Inc. has reached a settlement with activist investor Elliott Investment Management. As part of the agreement, Synopsys will appoint Jesse Cohn, a representative from Elliott, to its board of directors. This development signals a resolution to potential disagreements between the company and the influential investment firm. The addition of Cohn to the board suggests a collaborative approach moving forward, potentially influencing Synopsys's strategic direction and corporate governance.