CIMdata PLM Industry Summary Online Archive
4 June 2008
Accquisitions & Mergers
ANSYS Acquisition of Ansoft Expected to Close in the Third Quarter of 2008
ANSYS, Inc. announced that, as a result of the Securities and Exchange Commission's continuing review of the Registration Statement on Form S-4, it currently expects to close the acquisition of Ansoft Corporation in the third quarter of 2008. ANSYS had previously announced that it had expected to close the acquisition in the second quarter of 2008.
As previously announced, ANSYS and Ansoft have entered into a definitive merger agreement in which ANSYS will acquire Ansoft for a purchase price of approximately $832 million in a mix of cash and ANSYS common stock. Consummation of the transaction remains subject to customary closing conditions, including the approval of the Ansoft stockholders.
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