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China approval of Ansys takeover sparks concern, Bloomberg reports

Traders are growing fearful that the takeover of Ansys (ANSS) by Synopsys (SNPS) will get bogged down by China’s antitrust regulators, Yiqin Shen and Neil Campling of Bloomberg report. The deal spread has widened to over $40 per share on growing uncertainty the deal will win approval from China amid the trade war, according to Bloomberg. The deal has received regulatory approval in the U.S., UK, Europe, with China the last significant holdout, it points out.

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