Shares of technology companies rose amid deal intrigue.
Synopsys is in talks to acquire Ansys in a move that would create a new design-software giant and could become the first multibillion-dollar merger deals of the new year.
The SPDR Select Sector Technology exchange-traded fund, which tracks the tech industry group of the S&P 500, is up about 55% for the year to date, among the strongest gains for the sector in market history.
Write to Rob Curran at [email protected]
Read the full article here