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ANSYS Acquisition of Fluent Delayed
Posted Tue March 28, 2006 @05:07PM
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News ANSYS, Inc., a global innovator of simulation software and technologies designed to optimize product development processes, today announced that following informal discussions with staff at the Federal Trade Commission ("FTC"), ANSYS has elected to refile its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act with respect to its acquisition of Fluent Inc.

ANSYS has withdrawn its original filing and has refiled its Notification and Report Form with the FTC and the Antitrust Division of the Department of Justice on March 27, 2006. As a result, the FTC staff will have more time to review the information submitted by ANSYS and Fluent before the staff must determine what additional information, if any, it will request.


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The waiting period for the new filing will expire at 11:59 p.m. on the 30th day after the refiling is completed unless earlier terminated by the FTC and the Antitrust Division. ANSYS and Fluent remain committed to working cooperatively with the FTC as it conducts its review of the acquisition.

Subject to customary closing conditions and the expiration or termination of the waiting periods under the Hart-Scott-Rodino Act discussed above, ANSYS continues to anticipate the transaction will close in the second quarter of 2006, although the timing of the closing may be affected by formal or informal requests, if any, for additional information from the FTC.

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