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Examples
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Also today, simulation software company Ansys said it has agreed to acquire Apache
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The deal will add power-efficient design software to Ansys portfolio, the company said.
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Ansys President and Chief E.ecutive James E. Cashman III said, "The simulation technologies that Ansoft adds complement and broaden the existing Ansys portfolio."
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Ansys will fund the deal, set to close in the second quarter, by issuing about 11.1 million shares of stock and pay $416 million - about $70 million from cash on hand from both companies and drawing down about $346 million from a $450 million credit line with Bank of America Corp.
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Under the terms of the deal, Ansoft stockholders will get $16.25 in cash and 0.431882 share of Ansys stock for each outstanding share of Ansoft.
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Large-cap Ansys agreed to buy the Pittsburgh electronic-design automation software producer for $832 million in cash and stock.
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Ansys CEO James Cashman on how companies are catching problems early.
Forbes.com: News Eric Savitz 2011
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Ansys CEO James Cashman on how companies are catching problems early.
Forbes.com Video Network | Intelligent Technology: Adobe's CEO Talks On Apple 2011
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Ansys CEO James Cashman on how companies are catching problems early.
Forbes.com Video Network | Intelligent Technology: Adobe's CEO Talks On Apple 2011
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Ansys CEO James Cashman on how companies are catching problems early.
Forbes.com: News Tomio Geron 2011
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