Symphony Technology, MSC.Software merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Sept. 8 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of MSC.Software Corp. and affiliates of Symphony Technology Group, according to a government report.

In July Symphony announced it would acquire MSC for $7.63 per share in a cash transaction valued at about $360 million.

As previously reported, the transaction is expected to close near the end of the third quarter of 2009 subject to shareholder approval.

MSC is a Santa Ana, Calif., simulation software company.

Symphony Technology Group is a strategic private equity firm based in Palo Alto, Calif.

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