Ansoft shares soar after acquisition announcement
Ansoft Corp. (Nasdaq:ANST) shares are soaring after the simulation software maker announced before the start of Monday’s trading that it will be bought by Ansys Inc. (Nasdaq:ANSS) for about $832 million in cash and stock. Pittsburgh-based Ansoft said the deal has been approved by both companies’ boards and expects to close during the second quarter. In afternoon trading, ANST shares are up 29.68%, or $6.95, at $30.37. Over the last 52 weeks, shares have ranged from $21.16 to $35.16.
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