Ansys Merges with Synopsys to Become Subsidiary

Ansys ( (ANSS) ) has issued an announcement.

Ansys, Inc. has entered into a merger agreement with Synopsys, Inc., resulting in Ansys becoming a wholly-owned subsidiary of Synopsys. As part of this merger, Ansys has taken measures to mitigate potential tax impacts on its executive compensation by accelerating the vesting of certain equity awards to preserve tax deductions and reduce excise tax liabilities for executives.

More about Ansys

Ansys, Inc. operates in the software industry, focusing on engineering simulation software solutions. The company provides simulation software used for product design, testing, and operation, targeting industries such as aerospace, automotive, and manufacturing.

YTD Price Performance: -6.26%

Average Trading Volume: 466,350

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $29.75B

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