Synopsys says China regulator requires notification on Ansys transaction

In a regulatory filing, Synopsys (SNPS) stated that as previously announced on January 15, Synopsys entered into an agreement and plan of merger to merge with and into Ansys (ANSS), with Ansys surviving the merger as a wholly owned subsidiary of Synopsys. On May 14, Synopsys received a notice from the State Administration for Market Regulation of the People’s Republic of China, which acknowledges Synopsys’ contemplated acquisition of Ansys is below the Chinese merger notification thresholds set by the State Council but takes the position that Synopsys is required to notify the transaction. “At this time, Synopsys is coordinating with Ansys on next steps. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals and other customary closing conditions,” the company stated.