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Synopsys, Inc. and ANSYS, Inc., In the Matter of

The Federal Trade Commission will require Synopsys, Inc. and Ansys, Inc., under a proposed consent order, to divest certain assets to resolve antitrust concerns surrounding their $35 billion merger. The proposed consent order settles FTC allegations (link to complaint) that Synopsys’s acquisition of Ansys is anticompetitive across three markets – optical software tools, photonic software tools for designing and simulating photonic devices, and RTL power consumption analysis tools.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
241 0059
C-4820
Case Status
Pending

Chevron/Hess, In the Matter of

The Federal Trade Commission took action to resolve antitrust concerns related to Chevron Corporation’s acquisition of rival oil producer Hess Corporation by approving a proposed consent order that would prohibit Chevron from appointing Hess CEO John B. Hess to its Board of Directors.

The FTC’s complaint alleges that Mr. Hess communicated publicly and privately with the past and current Secretaries General of the Organization of Petroleum Exporting Countries (OPEC) and an official from Saudi Arabia. In these communications, Mr. Hess stressed the importance of oil market stability and inventory management and encouraged these officials to take actions on these issues and speak about them at different events, the complaint alleges.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
241 0008
Case Status
Pending

HSR Rules

Rule Updated Date
The HSR Rules outline the requirements for the premerger notification process under the Hart-Scott-Rodino (HSR) Act, which enables the Federal Trade Commission and the Antitrust Division of the...