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Synopsys Proposes Divesting Units, Including Ansys PowerArtist, For $35 Billion EU Deal Approval

Benzinga

Synopsys Inc. NASDAQ: SNPS ), an American electronic design automation company, is preparing to divest an Ansys Inc. Ansys specializes in software development for autonomous vehicle sensor simulations, including lidar, radar, and camera design.

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Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt

Benzinga

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.

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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

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EU Greenlights $35B Synopsys-Ansys Deal With Remedies

Law 360 M&A

The European Commission said Friday it has conditionally approved Synopsys Inc.'s s proposed $35 billion acquisition of Ansys Inc. after the companies agreed to certain divestitures, as the megadeal continues to make regulatory progress across jurisdictions.

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Davis Polk Discusses the Return of Antitrust Remedies in Merger Settlements

Reynolds Holding

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.

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Wachtell Lipton Discusses What Awaits M&A in 2025

Reynolds Holding

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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