Ansys: Takeover Possibility Brings Little Detail; Any Premium Welcome on Undisturbed Rich Shares

Bloomberg News reported on Dec. 22 the possibility of a takeover of Ansys, without revealing details of the potential acquirer or the premium that would likely be paid. If the takeover were to come to fruition, this would be an ideal outcome for investors, in our view, as we think Ansys shares were overvalued to begin with, given our undisturbed $262 fair value estimate versus where shares are currently trading upon the takeover possibility, near $330 per share (up 9%).