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Why Is ANSYS Stock Trading Lower Tuesday?

Benzinga

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