344.00
price up icon1.20%   4.30
after-market After Hours: 344.00
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Why is Ansys Inc (ANSS) Stock down?

We've noticed a 5.09% decline in Ansys Inc (ANSS) stock during the 2024-12-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
16 Jan, 2024:

Ansys Inc. (ANSS) stock dropped by 5.50% due to the announcement of its acquisition by semiconductor design and software firm Synopsys. The acquisition, valued at approximately $35 billion, marks one of the largest tech deals in recent years.

  • Synopsys' Acquisition of Ansys: Synopsys revealed its plan to acquire Ansys, an engineering and product design software firm, in a cash-and-stock transaction. Under the terms of the deal, Synopsys will pay approximately $390 per share, consisting of $197 per share in cash and approximately one-third of a Synopsys share for each Ansys share. The acquisition is subject to regulatory and shareholder approval and is expected to close in the first half of 2025.
  • Market Reaction and Ownership: In response to the acquisition news, Synopsys shares saw a 3% increase on Tuesday morning, partially recovering from a 12% decline that occurred since The Wall Street Journal reported advanced talks between the two companies in December. On the other hand, Ansys shares slipped by 5% but had previously gained over 14% in the period following the initial reports in December. Post-merger, Ansys shareholders will own approximately 16.5% of Synopsys, as disclosed by Synopsys CEO Sassine Ghazi during a conference call. The acquisition will be financed in part through $16 billion of debt financing, with the remaining $3 billion in non-equity consideration coming from Synopsys' cash reserves.
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