SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of ANSYS, Inc. (NASDAQ: ANSS) (“ANSYS” or “the Company”) breached their fiduciary duties in connection with the proposed sale of the Company to Synopsys (NASDAQ: SNPS).
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On January 16, 2024, ANSYS announced that it had entered a deal to merge with Synopsys. Under the terms of the deal, ANSYSs shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each ANSYS share owned. However, shareholders will be subject to the future price fluctuation of Synopsys stock price.
The investigation concerns whether the ANSYS board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for ANSYS shares of common stock.
If you are a shareholder of ANSYS and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
