INDUSTRY NEWS

Ansys acquisition gets thumbs up

25 June 2008



The Ansys and Ansoft acquisition has been approved by a governing body.

The Securities and Exchange Commission has concluded its review of the Registration Statement on Form S-4 in connection with Ansys' acquisition of Ansoft. 

An amended Form S-4 was filed and became effective on 20 June 2008. A special meeting of the Ansoft stockholders to approve the transaction has been set for 23 July 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 $832m in a mix of cash and Ansys common stock based on the 10-day trailing average closing price of Ansys common stock prior to announcement of the transaction on 31 March 2008.

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