Synopsys (SNPS) and Ansys (ANSS) Propose Remedies for $35 Billion Acquisition Deal

Jan 08, 2025

Shares of Synopsys (SNPS, Financial) rose over 1.1% to $493.1, while Ansys (ANSS) saw a 0.6% increase to $338. The upward movement follows news from the UK Competition and Markets Authority (CMA), which indicated potential acceptance of remedies proposed by the two companies. These measures aim to address concerns regarding their $35 billion acquisition deal.

The proposed commitments include the divestment of Ansys PowerArtist and the sale of Synopsys' optical solutions group. The CMA will decide by March 5 whether to accept these remedies, with the possibility of extending the deadline to May 6.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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