Ansys, Inc. announced that stockholders voted overwhelmingly to approve California-based Synopsys' proposed acquisition of the company.
"Our stockholders overwhelmingly approved our merger with Synopsys because they recognize that this is a transformative combination that will create a leader in silicon-to-systems design solutions," Ansys CEO Ajei Gopal said in a prepared statement. "The combination of Ansys and Synopsys will help to reshape the products we use every day and create new opportunities for Ansys customers, partners and employees."
According to regulatory filings with the U.S. Securities and Exchange Commission, 73,119,774 of the shares voted to adopt the proposal, approximately 98.7% of total shares voted. The Canonsburg-based engineering simulation company expects the transaction to close in the first half of 2025, but noted that it is subject to conditions, including regulatory approvals. Should the $35 billion acquisition go through, Ansys stockholders will receive $197 in cash and 0.345 shares of Synopsys common stock for each Ansys share they own.
"This is an important milestone toward completing the transaction," Gopal said in a statement. "We remain focused on obtaining the required approvals to close."
