Synopsys And ANSYS Receive Notice From Chinese Regulator The Deal Is Below The Chinese Merger Notification Thresholds

On May 14, 2024, Synopsys received a notice from the State Administration for Market Regulation of the People's Republic of China, which acknowledges Synopsys' contemplated acquisition of Ansys is below the Chinese merger notification thresholds set by the State Council but takes the position that Synopsys is required to notify the transaction. At this time, Synopsys is coordinating with Ansys on next steps. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals and other customary closing conditions.