Simulation software specialist ANSYS, Inc. has agreed to acquire electronic design automation firm Ansoft Corp. for approximately $832 million. Ansoft shareholders will receive $16.25 in cash and 0.431882 shares of ANSYS common stock for each outstanding Ansoft share. Based on the 10-day trailing average closing price of ANSYS common stock, the implied value is $32.50 per Ansoft share. ANSYS will issue approximately 11.1 million shares of its common stock and pay approximately $416 million in cash in the transaction.
The combined company will employ approximately 1,700 people.