Altair jumps after report says Siemens in talks to buy engineering software firm
23/10/2024 20:38
** Shares of engineering software maker Altair Engineering
ALTR.O rise 3.6% to $106.70
** Siemens AG SIEGn.DE is in talks about a potential deal
to acquire ALTR, Bloomberg News reports, citing people familiar
with the matter
** ALTR is exploring a sale, Reuters said in an exclusive
report on Tuesday, citing three people familiar with the matter
** Potential bidders include rival design software makers
such as PTC PTC.O , Cadence Design Systems CDNS.O , sources
told Reuters
** Up to last close, ALTR stock had risen ~22% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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