ANSYS' (ANSS) Takeover by Synopsys Reportedly Under Scrutiny
ANSSANSYS(ANSS) ZACKS·2024-08-14 00:10

ANSYS Inc’s (ANSS) 35billiondealtogetacquiredbySynopsys(SNPS)iscurrentlyunderregulatoryscrutinybytheU.K.CompetitionandMarketsAuthority(“CMA”),accordingtoaReutersreport. Perthereport,CMAisconcernedthattheacquisitioncouldadverselyimpactcompetitioninthemarketinBritainbuthasnotyetlaunchedaformalinvestigation. InJanuary2024,AnsysinkedadefinitiveagreementtobeacquiredbySynopsysatroughly35 billion deal to get acquired by Synopsys (SNPS) is currently under regulatory scrutiny by the U.K. Competition and Markets Authority (“CMA”), according to a Reuters report. Per the report, CMA is concerned that the acquisition could adversely impact competition in the market in Britain but has not yet launched a formal investigation. In January 2024, Ansys inked a definitive agreement to be acquired by Synopsys at roughly 35 billion. Synopsys is a vendor of electronic design automati ...