ANSYS & Apache Receive Early Termination of Hart-Scott-Rodino Waiting Period for Proposed Merger

ANSYS, Inc. ANSS today announced that the U.S. Department of Justice and Federal Trade Commission have issued early termination of the Hart-Scott-Rodino waiting period for ANSYS' proposed acquisition of Apache Design Solutions, Inc. ANSYS currently expects to close the acquisition in the third quarter of 2011. As previously announced, ANSYS and Apache have entered into a definitive merger agreement in which ANSYS will acquire Apache for a purchase price of approximately $310 million in cash. Consummation of the transaction remains subject to customary closing conditions.