Synopsys, Ansys down after report China delays $35 bln merger approval
Shares of chip design software maker Synopsys SNPS.O down 1.3% at $488.48, while simulation software company Ansys ANSS.O falls 1.6% to $338.02 premarket
China's market regulator has postponed approval of a proposed SNPS and ANSS deal, the Financial Times reports
SNPS said last year it would buy ANSS in a $35 billion cash-and-stock deal
Transaction was expected to close in the first half of this year
Washington's move to ban chip design software sales by U.S. companies to China contributed to the delay - report
Synopsys declined to comment on the report; Ansys and the Chinese regulator did not immediately respond to Reuters' requests for comment
SNPS and its rival Cadence Design Systems CDNS.O said last month they received letters from U.S. Department of Commerce's Bureau of Industry and Security regarding new export curbs on sales to China
As of last close, SNPS and ANSS each up ~2% YTD
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensi
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
