Companies exposed to artificial intelligence and accelerated computing have continued to see their end demand and visibility strengthen.
The European Commission (EC) has given the greenlight for Synopsys to acquire Ansys, though the companies must divest some half-a-dozen products as part of the proposed remedies.
The commission said that the companies' offer to sell two business units to a rival fully addresses its concerns.
The European Commission on Friday said it had approved under conditions the takeover by chip design software maker Synopsys of software company Ansys , a $35 billion cash-and-stock deal announced in January last year.
The UK's competition regulator said on Wednesday that it might accept remedies offered by the parties in chip design software maker Synopsys' $35 billion acquisition of Ansys.
In the most recent trading session, Synopsys (SNPS) closed at $501.06, indicating a +1.49% shift from the previous trading day.
Synopsys (SNPS) reported earnings 30 days ago. What's next for the stock?
Synopsys (SNPS) concluded the recent trading session at $495.82, signifying a -0.87% move from its prior day's close.
Synopsys (SNPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
EU antitrust regulators are set to approve U.S. chip design software company Synopsys' $35 billion acquisition of the chip design software company Ansys based on the former's pledge to sell two assets, people with direct knowledge of the matter said on Monday.
UK's competition watchdog said on Friday it could approve chip design software maker Synopsys' $35 billion acquisition of Ansys if the regulator's concerns are resolved.
Despite near-term challenges in key markets, SNPS' AI-driven innovations and partnerships secure its long-term growth potential.