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Ansys Plans to Buy Ansoft

Written by Kathy Nargi-Toth
Monday, 31 March 2008
SAN FRANCISCO - Ansys plans to enter into the EDA software market by acquiring Ansoft for $832 million ($32.50 per share) in a cash-and-stock deal. Ansys shares were down 10.1% and Ansoft shares were up 11% on the news. The deal is expected to close by the end of June.

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