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Synopsys Inc. NASDAQ: SNPS ), an American electronic design automation company, is preparing to divest an AnsysInc. Ansys specializes in software development for autonomous vehicle sensor simulations, including lidar, radar, and camera design.
New On The Block Ari Emanuel ‘s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE: EDR ), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. The Frieze Art Fair , a curated event featuring modern and contemporary works, is also for sale.
Synopsys, Inc (NASDAQ: SNPS ) agreed to snap ANSYS, Inc (NASDAQ: ANSS ), sending the stock price of the target company trading lower Tuesday. Under the deal, Ansys shareholders will receive $197.00 The implied per share consideration of $390.19, based on the closing price of Synopsys common stock of $559.96
The European Commission said Friday it has conditionally approved Synopsys Inc.'s s proposed $35 billion acquisition of AnsysInc. after the companies agreed to certain divestitures, as the megadeal continues to make regulatory progress across jurisdictions.
On May 28, the Federal Trade Commission (FTC or Commission) announced that it would require Synopsys, Inc. and Ansys, Inc. to divest assets to win approval of Synopsys’s proposed acquisition of Ansys. Divestiture buyer Keysight Technologies Inc. 1 The Commission voted to approve the settlement 3-0.
But for any particular company, or deal, the details matter. Opportunity surely will exist, and many companies have been waiting for regulatory change prior to commencing in-industry M&A. Here, we review some of the key themes of 2024 and our thoughts on what may lie ahead in the new year. ** Regulatory Reset.
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