News Article
ANSYS To Buy Ansoft
The company receives the clearance from the Securities and Exchange Commission for the acquisition of Ansoft
ANSYS and Ansoft Corporation announced that 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 $832 million 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.
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 based on the 10 day trailing average closing price of ANSYS common stock prior to announcement of the transaction on 31 March 2008.
