China's market regulator has granted a conditional approval for software firm Synopsys to acquire Ansys, according to a statement released by the regulator on Monday. This approval from China's State Administration for Market Regulation (SAMR) was the final necessary regulatory clearance required for the $35 billion cash-and-stock merger to proceed.
The conditional nature of the approval indicates that Synopsys likely made commitments or offered remedies to address any competition concerns raised by the Chinese authorities. This resolution follows a period of review, including a reported postponement of approval by China's SAMR in June.
Securing this final major regulatory approval removes the last significant international hurdle for the acquisition, which was announced in January of the previous year. This development provides complete certainty for the transaction's completion, paving the way for the deal to close as anticipated.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.