Symphony Matches Bid for MSC Software

(Reuters) – MSC Software Corp (MSCS.O), a simulation and software services company, said Symphony Technology Group’s affiliate matched the $8.15 per share takeover offer from third-party private equity firms.

On Tuesday, the third-party private equity firms had raised their offer to $8.15 a share to trump the $8 per share offer from Maximus Holdings, a wholly-owned subsidiary of Symphony.

MSC’s shares were up about 5 cents at $8.22 in Thursday morning trade on Nasdaq. (Reporting by Shrutika Verma in Bangalore; Editing by Savio D’Souza)