ANSOFT CORPORATION, a global provider of Electronic Design Automation (EDA) software, announced that at the company's special meeting of stockholders held on July 23, 2008 in Pittsburgh, PA, that the company's stockholders voted to adopt and approve the merger agreement providing for the acquisition of Ansoft by ANSYS, Inc. Ansoft also announced that the conditions to ANSYS' obligations contained in Section 7.2 of the merger agreement have been satisfied. As a result, both parties have announced that the closing of the transaction has been scheduled to occur on July 31, 2008. This also will be the last day Ansoft will trade on the NASDAQ.
As previously announced, under the terms of the merger agreement, Ansoft stockholders will receive $16.25 in cash and 0.431882 shares of ANSYS common stock for each outstanding Ansoft share.
Ansoft Corporation is a developer of high-performance EDA software. The software is based on more than twentyfive years of research and development from the world's experts in electromagnetics, circuit, and system simulation. Companies throughout the world rely on Ansoft's software to achieve firstpass system success when designing mobile communication and Internet devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs) and electromechanical systems.
In connection with the merger, ANSYS filed with the SEC a registration statement on Form S-4 (Registration No. 333 150435), which includes a prospectus/ proxy statement of ANSYS and Ansoft and other relevant materials in connection with the proposed transactions.
The prospectus/proxy statement and other relevant materials, and any and all documents filed by ANSYS or Ansoft with the SEC, may be obtained free of charge at the SEC's web site at www.sec.gov. Investors and security holders may also obtain free copies of the documents filed with the SEC by ANSYS by sending a written request to ANSYS, Inc., Southpointe, 275 Technology Drive, Canonsburg, PA 15317, Attention: Investor Relations. Investors and security holders may obtain free copies of the documents filed with the SEC by Ansoft by directing a written request to Ansoft Corp., 225 West Station Square Dr., Suite 200, Pittsburgh, PA 15219, Attention: Investor Relations.