Here's Why Shares in Synopsys Popped Higher Today

Shares in semiconductor design products company Synopsys (SNPS -1.89%) spiked higher by 5.5% in early trading today before settling back later in the day. The move came after the U.S. Federal Trade Commission (FTC) gave conditional approval for its intended $35 billion acquisition of simulation and analysis software company Ansys (ANSS -0.57%).For reference, the European Commission has already approved the acquisition. Synopsys is now awaiting approval from China before potentially closing the deal in the s ...