Synopsys, Inc., a leading company in the electronic design automation industry, has been informed by the State Administration for Market Regulation of China that its planned acquisition of Ansys, Inc. requires notification, despite being below the merger notification thresholds. The merger, which was announced on January 15, 2024, is set to see Ansys become a wholly owned subsidiary of Synopsys. The transaction is expected to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions. This development follows the filing of a Form 8-K with the SEC, reporting the earliest event date as May 14, 2024, and the report date as May 16, 2024. The merger is anticipated to bring potential benefits to both companies, although it involves risks and uncertainties that could affect the actual results, including the receipt of necessary shareholder and regulatory approvals.

Synopsys, Inc., a leading company in the electronic design automation industry, has been informed by the State Administration for Market Regulation of China that its planned acquisition of Ansys, Inc. requires notification, despite being below the merger notification thresholds. The merger, which was announced on January 15, 2024, is set to see Ansys become a wholly owned subsidiary of Synopsys. The transaction is expected to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions. This development follows the filing of a Form 8-K with the SEC, reporting the earliest event date as May 14, 2024, and the report date as May 16, 2024. The merger is anticipated to bring potential benefits to both companies, although it involves risks and uncertainties that could affect the actual results, including the receipt of necessary shareholder and regulatory approvals.