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Synopsys 'confident' of Ansys deal approval as UK starts clock on merger probe

By Jon Menon ( October 25, 2024, 11:20 GMT | Insight) -- Synopsys said it is confident of gaining approval for its $35 billion acquisition of US engineering software company Ansys and has client support for the deal, which formally came under a merger probe in the UK today. The Competition and Markets Authority is scheduled to complete its initial review by Dec. 20. Synopsys said it will work constructively with the regulator.Synopsys said it has strong client backing for its $35 billion acquisition of US engineering software company Ansys and remains confident of gaining antitrust approval after the UK regulator formally started an initial probe today....

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