China’s State Administration for Market Regulation announced approval for the proposed takeover of Ansys (ANSS) by Synopsys (SNPS) with conditions. The agency said existing customer contracts can’t be terminated and that requests from Chinese customers to renew their contracts can’t be rejected. Shares of Ansys are up 6%, or $21.72, to $396.24 in premarket trading while Synopsys is up 4% to $582.00.
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