Ansys Shares Climb 17% After Reports of Possible Sale
23 December 2023 - 8:24AM
Dow Jones News
By Sabela Ojea
Shares of Ansys climbed amid reports that Synopsys is in talks
to acquire the company in a move that would create a new
design-software giant.
The shares rallied 17% to $354.94 at 3:31 p.m. ET on Friday, and
the stock has gained 43% in the past 12 months.
The Wall Street Journal reported that Ansys and Snyopsys are in
talks. The stock initially rose after Bloomberg reported late
Thursday that the company is weighing options, including a possible
sale, after receiving takeover interest. It didn't say from
whom.
A deal to acquire Ansys, a Canonsburg, Penn.-based maker of
software that helps predict how products will work in the real
world may be struck early in 2024, according to people familiar
with the matter. The has company has a market value of nearly $30
billion.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 22, 2023 16:09 ET (21:09 GMT)
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