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Investing.com -- The United Kingdom (TADAWUL:4280)’s competition regulator has given its approval for Synopsys’ (NASDAQ: NASDAQ:SNPS) $35 billion acquisition of Ansys (NASDAQ: NASDAQ:ANSS).
The clearance was announced on Wednesday, after the companies agreed to certain remedies to address the regulator’s concerns.
The regulator had previously stated in December that the deal could potentially stifle innovation and lead to increased prices. However, it decided not to refer the proposed acquisition to an in-depth phase-2 investigation after the companies addressed these concerns.
Synopsys, a maker of chip design tools, had announced its cash-and-stock deal for Ansys back in January. Ansys’ software is employed in the creation of a diverse array of products, ranging from airplanes to tennis rackets.
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