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Ansys Inc. (NASDAQ:ANSS), an engineering software firm, is reviewing its options amid takeover interest.
The company is working with advisers to evaluate the interest, according to a Bloomberg report on Thursday, which cited people familiar with the matter. No final decision has been made and Ansys (ANSS) made decide to remain as a standalone company.
“M&A rumors are not uncommon in our industry, and it’s our longstanding policy not to comment on them,” a spokesperson for Ansys said in an emailed statement to Bloomberg.
Ansys (ANSS) has a market cap of about $26 billion. The company’s shares have gained 25% this year.
The takeover interest comes as Ansys (ANSS) shares fell 6% over two days earlier this month after the unexpected departure of the company’s chief financial officer.
Ansys (ANSS) competitors include Cadence Design Systems (CDNS), Autodesk (ADSK), PTC inc. (PTC), Synopsys (SNPS) and Dassault Systems (OTCPK:DASTY), Aspen Technology (AZPN) and Altair Engineering (ALTR).